That's exactly what I suspect to be the case, even now. As part of my NFD-related responsibilities, I bought a paper copy of the basic-but-complete securities laws and regulations for my home domicile of Ontario, Canada. Its definition of "security" is so broad, a brash and clever accounting student could make a case that "Canadian Tire money" is a security!

Now, that brash claim would be laughed off by the Ontario securities regulators - but it'd be a different story if they found out about "feeshares." (I haven't breathed a word about 'em outside of here. ) When I saw the definition of "security" in my skim-through of the "Definitions" opener, I decided to put NFD's Asset Exchange on the back burner and hope that its still-bare-bones offerings remain confined to gateways for other cryptos.

All power to Nxt, of course, but a little beyond our present-day horizon is an upcoming major legal clash that will rock the Nxt world. Right now, they'e relying on the legal analog to "security by obscurity" for their own very-well-filled AE.

God bless 'em, and God help 'em: I will definitely and publicly be on their side once the clash comes to a head. Since NFD has its fully functioning Nxt-clone Asset Exchange in its own ecosystem, I have lot of good reason to be on their side if the regulators come a' "knockin'."

So you can take the above as a Distant Early Warning plus a pre-commitment to help out the Nxters in any way that I can once the clash starts.