Post
Topic
Board Scam Accusations
Re: Blue Hill Foundation\Mining- Blue Hill Mine - STO - SCAM WARNING
by
Crypto-Info
on 20/06/2019, 10:04:06 UTC
QUOTE Bubba06255003 "Because the tokens will be bought back in 2022 not In 2019 and security tokens have to be registered in order for them to be security tokens".




No, security tokens are deemed a security applied by the Howey test as used by the FINMA, SEC and Toronto Financial regulatory body (since thats where stock apparently will be sold). This is on their website. What is also found there is the fact if your intent is to swap a token for a security then that token is deemed as a security regardless of timeframe.

You must therefore register the token since it's also deemed a security before selling it. Thus it is illegal for BlueHill to sell the token as they have not registered yet.