Post
Topic
Board Legal
Securities Laws to be applied to Cryptocurrencies
by
CryptoHaris
on 12/09/2018, 04:54:31 UTC
Quote
“The question is whether the ‘elements of a profit-seeking business venture’ are sufficiently alleged in the indictment, such that, if proven at trial, a reasonable jury could conclude that ‘investors provide[d] the capital and share[d] in the earnings and profits; [and] the promoters manage[d], control[ed] and operate[d] the enterprise.’ For present purposes, we conclude that they are.”

Judge Dearie

Following the Zaslavskiy case, a New York court Judge has deemed laws that apply to securites and the asset classes to be applied to Cryptocurrencies as well.

Upon a challenge, the judge said that the securities laws must be considered to be flexible and may be easily applied to cryptocurrencies as well.

I have three points in mind-

- This will surely protect investors.

- Will this also increase anxiety towards dealings and investment in cryptocurrencies?

- How will Bitcoin get affected?


Source- https://cointelegraph.com/news/breaking-new-york-judge-rules-securities-laws-can-apply-to-cryptocurrencies