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Yes many tokens are being used as shares and trying to circumvent securities law.
by amalag 9y ago
Yes many tokens are being used as shares and trying to circumvent securities law.
- LrnByTeach 9y agonot just "Many" , All of these 1400 coins listed on this site except couple of them are "being used as shares to circumvent securities law" https://coinmarketcap.com/ https://coinmarketcap.com/ >Yes many tokens are being used as shares and trying to circumvent securities law.
- tehlike 9y agoTokens are actually mostly not shares. You dont own the company that issues the tokens. Everybody likes to think that it is, though.
- Semaphor 9y agoThere are a few, like Modum, that are really nothing but unregulated shares. Most of them are unregulated less-than-shares.
- LrnByTeach 9y agoThe term "shares" is used here in loose sense, all these are coins/tokens . All these companies behind this coins/tokens have no "paid" employee or assets and no legal registration ( for the coin itself) so there is no meaning to "shares" . There is nothing for ownership rights in the sense of share .