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Unregistered securities are legal, you just can't sell them to the public. That is one possible outcome for crypto tokens - you could still own Ethereum, and on
by lacker 3y ago
Unregistered securities are legal, you just can't sell them to the public. That is one possible outcome for crypto tokens - you could still own Ethereum, and one individual privately selling some to another individual would be legal, but companies like Coinbase wouldn't be allowed to sell it to the public.
- pcthrowaway 3y agoIsn't p2p selling of crypto illegal now though? I thought that's why localbitcoins got shut down.
- lacker 3y agoNo, if you want to sell some crypto to a friend of your, that's fine. I don't know why localbitcoins shut down, but it's perfectly consistent for "facilitating transactions at scale" to be illegal while "doing a single peer to peer transaction" is legal. That's how unregistered securities work, right? I am allowed to buy half of your small business, even though it isn't registered with the SEC. That doesn't mean you're allowed to sell stock in your small business and advertise that on the internet.