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Bancor's ICO is not covered by SEC.
by decentralised 9y ago
Bancor's ICO is not covered by SEC.
- decentralised 9y agoSEC covers securities which are defined in the US as meeting all four properties of the Howey test. Bancor has a stable coin framework which means they create currencies and have an automated market making algorithm. Currencies are classed as commodities in the US. The people downvoting my comments without volunteering a counterargument could probably use some time doing a bit of reading on the topic.