Part 4/11:
Most importantly, Bitcoin is internationally recognized and legally classified as property rather than a security. The expert emphasizes that Bitcoin has not been regulated as a security by entities such as the SEC, and its status as property is widely accepted in the crypto space. This distinction is essential because property is a common commodity, unaffected by securities regulations, providing a firm legal foundation for Bitcoin's role in the economy.
The Legal and Regulatory Landscape
The differentiation between property and security is pivotal in the regulatory context.
- Property (like Bitcoin) is beyond the control of any single entity and is not regulated by securities laws.