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It's for securities full stop I had thought...
by chris_wot 8y ago
It's for securities full stop I had thought...
- PeterisP 8y agoMost ICOs are considered by SEC to fall under securities regulations as most ICOs fit the criteria of the Howey test - if the thing you're offering requires an investment of money in some common enterprise, there is an expectation of profits, and any profit comes not from your efforts but from efforts of either whoever's selling or whoever you invest in; then selling or issuing or promoting that thing falls under all the rules and regulations for securities.