no. it appeared something like a FUD announcement and such a meeting haven't happened ... I have to dig deeper into this. But Tone Vays interview with Jason Seibert /
/ marked most flaws. For me in quite convincing terms.
jesus. i read it off Didi's blog. As legit as it gets if you know who that is. Been anxious to see the result since. Manh sometimes i get sick of everyone's speculation about all these crypto shit.
Well. It was clear from the very beginning that it can not be 'extra-legal'. It forms organizations, it is formed by organizations, value transacts from here to there, tokens DO have existing definitions in the existing regulations under existing authorities - if it is not SEC it is CFTC , FinCEN in most cases and if not this trinity - FTC / consumer protection in the utility tokens sphere /. Yes, the world is not USA, but most of it is USA, and the aka West is quite in sync on this matters...
Big, huge, hairy problems across the entire ecosystem such that I expect the regulatory scourge to deepen over time. Remember kids, the thing about immutability of the blockchain is that everything is there for eventual retroactive enforcement.>>
Or SEC? :P
oh that. any idea what they decided on Monday?
no. it appeared something like a FUD announcement and such a meeting haven't happened ... I have to dig deeper into this. But Tone Vays interview with Jason Seibert /
/ marked most flaws. For me in quite convincing terms.jesus. i read it off Didi's blog. As legit as it gets if you know who that is. Been anxious to see the result since. Manh sometimes i get sick of everyone's speculation about all these crypto shit.
Well. It was clear from the very beginning that it can not be 'extra-legal'. It forms organizations, it is formed by organizations, value transacts from here to there, tokens DO have existing definitions in the existing regulations under existing authorities - if it is not SEC it is CFTC , FinCEN in most cases and if not this trinity - FTC / consumer protection in the utility tokens sphere /. Yes, the world is not USA, but most of it is USA, and the aka West is quite in sync on this matters...
Btw, this is pretty good synopsis. Written with lots of deep understanding.: https://10xts.com/why-we-built-our-own-blockchain-network-instead-of-using-a-public-infrastructure-like-ethereum/ . More specifically.: <<The SEC is bad, but they’re all up on the civil side.
FinCEN is CRIMINAL.
They have guns.
They will kick down your door and shoot your dog.
Big, huge, hairy problems across the entire ecosystem such that I expect the regulatory scourge to deepen over time. Remember kids, the thing about immutability of the blockchain is that everything is there for eventual retroactive enforcement.>>