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Bitcoin isn't a security, so why should a Bitcoin lending platform be one? Assuming that rewards are in Bitcoin and not dollars.
by kerng 5y ago
Bitcoin isn't a security, so why should a Bitcoin lending platform be one? Assuming that rewards are in Bitcoin and not dollars.
- kccqzy 5y agoThis is absurd. You can make a security out of something that's not a security. The US Dollar isn't a security (it's a currency), but many USD lending platforms in fact offer securities. Bonds can be denominated in USD and they are securities. My house isn't a security, but when my bank decides to package the house-backed mortgage and sell it as MBS, it's a security.