Quote from: CryptoBry on January 10, 2018, 10:03:08 AM

Quote from: ellerby123 on January 08, 2018, 08:44:03 PM

Quote from: OpenMoneyBTT on January 08, 2018, 02:33:49 PM

Hi there folks!

We recently just published a new medium post to help you understand a little bit more about what counts as a Security. All around, it's an awesome read!

Feel free to check it out:

https://medium.com/@theOPENPlatform/what-counts-as-a-security-f52d2e77b407

Thank you for making the distinction between what classifies as a security and what doesn't. There's a lot of confusion surrounding this topic and I'm glad that OPEN is able to elucidate it for us.

Distinguishing between what constitute as security and legally compliant token utility can be so important especially for a project which is based in USA where the SEC is now actively evaluating and looking for possible violators. E have to remember that the SEC in this side of the world can be so powerful as they can just close any program anytime by just merely calling the project proponents and order for any entity to refund the participants of their money.

This is one reason why we should be glad that OpenMoney is really taking the time and do all they can so that they can't be categorized as issuing security but tokens according to the two tests talked about in that medium article. Since ICO is still a new type of a platform there will always be confusion as to many definitions related to legalities and I am hoping that soon a clearly defined regulatory framework can be established to deal with this issue once and for all.

What about SAFT framework? Some simple agreement devs?