BACS presents its new report open to the public: The SEC and Ethereum, value or commodity? with the design and collaboration of our partners BITLAB and signed by the board of directors of the Blockchain Arbitration & Commerce Society and with the collaboration
Here you will find the introduction of the document. To read the document, simply download the report below.
At BACS, we promote cryptoasset and blockchain businesses and projects as a way to save on international costs, but now, more than ever, it is necessary to provide security and trust through a legal and transparent environment.
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Official position of the SEC (Securities and Exchange Commission) on Ethereum
To date, there is no clear or official decision on whether Ether, the token of the Ethereum Blockchain, is a security.
The only information to the SEC public about this material is the speech by William Hinman, director of the Division of Corporate Finance, delivered on June 14, 2014, titled “Digital Asset Trading: When Howey Met Gary (Plastic).” [1].
[1] SEC.gov | Digital Asset Transactions: When Howey Met Gary (Plastic)
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