Jump to content
bookworm

Coinbase Seeking License for Crypto SECURITIES!

Recommended Posts

Adding more confusion now with Coinbase nearly licensed to offer crypto securities in the US ...

https://blog.coinbase.com/our-path-to-listing-sec-regulated-crypto-securities-a1724e13bb5a

Does this mean that all cryptos will be treated as securities incl Bitcoin type tokens?  Nevertheless, approval of this license will only lead to opening up of cryptos (non/securities) to the masses.

Thoughts and views are welcome on impact to XRP and pow energy/hungry coins like BTC, LTC etc ...

Share this post


Link to post
Share on other sites
16 minutes ago, bookworm said:

Adding more confusion now with Coinbase nearly licensed to offer crypto securities in the US ...

https://blog.coinbase.com/our-path-to-listing-sec-regulated-crypto-securities-a1724e13bb5a

Does this mean that all cryptos will be treated as securities incl Bitcoin type tokens?  Nevertheless, approval of this license will only lead to opening up of cryptos (non/securities) to the masses.

Thoughts and views are welcome on impact to XRP and pow energy/hungry coins like BTC, LTC etc ...

Nope.  They are just getting all the necessary licensing put in place so they can offer such services when the SEC (or whoever) starts making rulings on what is or isn't a security in the digital asset arena.  They are trying to be a first-mover in this space and I think other US-based exchanges are probably silently making the same exact moves right now.

Share this post


Link to post
Share on other sites

i think this is just being smart and "future proofing" in general -- not just about what cryptoassets become securities (and some WILL even though many/most are likely digital "commodities"), but because if they want to be acquired, or if they acquire, they want to be fully compliant and protected, and also in future they might want to open trade facilities for more "traditional" assets like securities -- or even issue their own!!!

Share this post


Link to post
Share on other sites
Guest Ripplista79

Poloniex/Circle doing same

Share this post


Link to post
Share on other sites

×