Connect with us

Noticias

Coinbase, Bittrex and Kraken have launched a cryptocurrency securities compliance assessment system

Bitcoin exchange operators, including Coinbase, Kraken, Circle and Bittrex, have developed a system to evaluate which cryptocurrencies are classified as securities under US law. According to the Wall Street Journal, the system will help exchanges decide which digital assets to list and which ones to not deal with so as not to violate the requirements of securities laws. Specially created Council […]

Published

on

Bitcoin exchange operators, including Coinbase, Kraken, Circle and Bittrex, have developed a system to evaluate which cryptocurrencies are classified as securities under US law.

According to the Wall Street Journal , the system will help exchanges decide which digital assets to list and which ones to not deal with so as not to violate the requirements of securities laws.

A specially created Cryptocurrency Rating Council evaluates digital assets based on the rules and recommendations of the US Securities and Exchange Commission (SEC). Cryptocurrency project developers do not participate in asset valuation, but may provide additional information.

The rating structure assigns from 1 to 5 points to the asset in question. The highest value indicates that cryptocurrency has the maximum number of signs of a security.

The Council published the results of an assessment of 20 cryptocurrencies. Bitcoin, Litecoin (LTC), Monero (XMR) and DAI each received 1 point, which indicates the minimum probability of classifying them as securities. The same applies to Ethereum (ETH) – only 2 points.

Ripple's XRP was at risk with 4 points. Closer to this value, the ratings of tokens EOS, FOAM, Stellar (XLM), Tezos (XTZ), Augur (REP), Hedera Hashgraph (HBAR) and LOOM from Loom Network – 3.75 points.

The system itself selects digital assets for valuation, but may consider the application.

In addition to exchange operators, the founders of the Cryptocurrency Rating Council were custodial and trading companies of the industry, including Anchorage, a division of Cumberland holding DRW, Genesis Global Trading and Grayscale Investments.

Recall that earlier in the SEC they confirmed that they did not consider Bitcoin and Ethereum (ETH) securities, unlike many ICO tokens. The regulator also pointed out that some stablecoins may be subject to securities laws.

Subscribe to BlockchainJournal news on Telegram: BlockchainJournal Feed – the entire news feed, BlockchainJournal – the most important news and polls.

<< aside id = "unisender_subscribe_form-10" class = "widget unisender_form">

BlockchainJournal.news

BlockchainJournal.news

Continue Reading
Advertisement

DeFi

El Fundador de Ethereum Critica el Modelo DeFi en Terra

Published

on

By

El Fundador de Ethereum Critica el Modelo DeFi en Terra

Vitalik Buterin, creador y cofundador de Ethereum, declaró en un anuncio que nunca ha habido una financiación total que pueda prometer una rentabilidad del 20% por 12 meses.

(más…)

Continue Reading

Noticias

La Vieja Guardia del Foro Económico Mundial Advierte a las Empresas de Criptomonedas

Published

on

By

La Vieja Guardia del Foro Económico Mundial Advierte a las Criptomonedas

Las empresas de criptomonedas, muchas de las cuales se alinearon en la calle principal de Davos esta semana, han sido advertidas de que deben limpiar sus actos antes de que la vieja guardia del Foro Económico Mundial las acepte por completo. 

(más…)

Continue Reading

Noticias

Ronin Network Planea Reabrir Tras Dos Meses del Hackeo de 600 Millones de Dólares

Published

on

By

Ronin Network Planea Reabrir Tras Dos Meses de Hackeo de 600 Millones de Dólares

La Ronin Network de Sky Mavis pone al día a su comunidad sobre los planes de reapertura de la red tras la brecha de seguridad que sufrió en marzo y que provocó la pérdida de activos por valor de unos 600 millones de dólares. 

(más…)

Continue Reading

Trending