bitcoin was a commodity in US ever since 2013 if i am not mistaken so nothing has changed on that front. the only thing that US is resisting is considering bitcoin as a currency like the other countries that have done it already.
as for ETH the problem is you can't really categorize it as anything. obviously it is not a currency because the creators say it! it is not a commodity because it doesn't match that description, and with the recent news it is not even a security!
Topic: Bitcoin is now considered as commodity ? eth and btc is not a security. (Read 109 times)
June 15, 2018, 05:48:10 AM
June 15, 2018, 05:31:00 AM
So this is definitely good news for the market as a whole, because ETH and BTC are not securities.
The fear is that ETH and BTC prices will be too much under US control.
The fear is that ETH and BTC prices will be too much under US control.
June 15, 2018, 05:29:32 AM
SEC, said laltely that bitcoin and ETH is not a security because it is decentralized:
Furthermore, the Goldman Sachs said that Bitcoin is now considered as commodity like GOLD Months ago.
Regarding ICOs, William Hinman [Director, Division of Corporation Finance] also acknowledged that some digital assets could be structured more like a consumer item than a security.
How does this things can affect the price and adoption of cryptocurrencies ?
Is not being a security is a good news ? i am confuse and i know a lot of folks out there needs clarification about this too.
Furthermore, the Goldman Sachs said that Bitcoin is now considered as commodity like GOLD Months ago.
Regarding ICOs, William Hinman [Director, Division of Corporation Finance] also acknowledged that some digital assets could be structured more like a consumer item than a security.
How does this things can affect the price and adoption of cryptocurrencies ?
Is not being a security is a good news ? i am confuse and i know a lot of folks out there needs clarification about this too.
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