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RE: Hive Is Not A Security - It Doesn't Pass The Howey Test

in LeoFinancelast year

It is constantly said by many that Hive is not a security, but it's nice to see it broken down in detail as to why that's the case. People just say it's "decentralized" and "there's no company behind it", and while those are true statements, few of us really know that they mean. This article solves that problem. Thank you!

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The no company means that compliance is impossible.

How are you going to fill out the paperwork with the different regulatory agencies if there is no company to put on it?

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Like I said, it makes sense. It's just nice to flesh out the rationale behind the statements. Which you have done. Sometimes it's hard for people that understand to figure out why people that don't understand have a hard time. It seems so easy. That's why an article like this is very important. It breaks down the why so us novices can finally grasp the concepts. :-)