Many participants in the Bitcoin securities market are violating US law. Not all, but many.
Some US Issuers are selling unregistered, restricted securities by means of general advertisements*.
Some exchanges are unlicensed, but US-based.
Some purchasers are reselling their unregistered, restricted securities to unsophisticated, unaccredited investors within one year of purchasing.
Part 3 of Bitcoin Law, my multi-part series on Coindesk will address this.
Edit: The general solicitation rules are lifted as of today, but that doesn't make legal the sale of an unregistered restricted security to unlimited numbers of unaccredited and unsophisticated investors.
looking forward to seeing this
have you, or can you address any legal issues that would occur if a company were to issue stocks in the form of "coins" (for lack of a better term, someone help me out here I am getting tired of using this term)
specifically do shares always need to be registered? what are registration requirements?
are there securities classes which are not restricted to the 1 year rule?
if trading was down through a p2p blockchain network would all market participants would need to be registered (at least for US issuers)? what about foreign holders of equity?
I have a thread on this topic here, more from a technical persepective but it would be great to get your take/comment
stock coins? p2p virtual stock equity / cryptostocks
https://bitcointalk.org/index.php?topic=292384.msg3222781#msg3222781