How does the gov feel about Bitcoin?? Lets find out
Check out this video I just watched that is a public hearing on cryptocurrencies and their regulations on how these coins will be identified.
Very useful knowledge and I think you will find it very interesting. :)
Basically what they are saying in this video is that when a coin is in ICO, it is a security and will be regulated as such. Once a coin has a developed network it will be considered a commodity.
I am really happy that we are starting to get more clarity on this subject as I know there has been many people who are worried about how these coins will be classified.
The other thing that I noticed was that they where surprisingly open to this new technology and open to working for the best possible outcome.
Hope you enjoy!
very interesting as I think more information is needed but this helps a lot! There are definitley some tokens structured as securities while others are in the grey area. Its all about adoption from here on out and how distribution goes down. For example Stellar is non profit and literally was giving away XLM tokens , which is probably why Coinbase said they may add it because it is not a security.