SFC warned investors to check whether bitcoin futures products
from unregulated cryptocurrency exchanges constitute «futures contracts» or «securities» under the SFO.
Not exact matches
Bitcoin futures traders in Hong Kong are turning away
from the autonomous territory's
unregulated cryptocurrency exchanges, flocking instead to regulated US markets.
But perhaps more importantly
from a public - policy perspective, the agency's guidance may encourage citizens to use
unregulated foreign
cryptocurrency exchanges and transact using privacy coins such as zcash and monero.
KODAKCoin's status as a security likely will preclude the token
from being tradable on
unregulated cryptocurrency exchanges that are subject to U.S. securities laws — likely affecting the token's liquidity — and KODAKCoins would be resalable by purchasers only either in a registered securities offering or a transaction exempt
from securities registration (such as under the Rule 144 safe harbor for sales by non-affiliates after a holding period is met).
If XRP is classified as a security, it would be removed
from the largely
unregulated world of
cryptocurrencies and become subject to requirements similar to those that govern assets like stocks, as would
exchanges that offer it.