3 ms·
>If it's fungible and negotiable, it is a security, if it is a security, it is regulated. By this definition, Magic: the Gathering cards and beanie babies fall
by alasdair_ 7y ago
>If it's fungible and negotiable, it is a security, if it is a security, it is regulated.
By this definition, Magic: the Gathering cards and beanie babies fall under SEC jurisdiction.
- amanaplanacanal 7y agoThey are not fungible.
- alasdair_ 7y agoOne mint condition card is exactly the same as any other. This is how marketplaces eork.