|
Title: Liquidity Advantage for Utility Tokens as Security Tokens delisted from Exchange Post by: thechex on October 05, 2017, 05:12:27 AM "As Bittrex is based in the US, it must abide by new SEC guidelines. Any cryptocurrencies that are close to being labeled a security may now come under fire and authorities may force centralized exchanges hands to remove those coins."
http://coremedia.info/blockchain-news/item/974-bittrex-s-bitshares-bombshell-bittrex-delists-five-pairs (http://coremedia.info/blockchain-news/item/974-bittrex-s-bitshares-bombshell-bittrex-delists-five-pairs) Increasing importance of utility tokens for token buyers, as regulator involvement gets deeper... Expect many more articles like this. Title: Re: Liquidity Advantage for Utility Tokens as Security Tokens delisted from Exchange Post by: Jovovich on October 05, 2017, 05:31:41 AM Are all of these altcoins mostly used in chinnese community or it is just bitshares? So is it the site bittrex that had some issues or those listed Altcoins have violated some SEC rules. I am not familiar with the other altcoins but are they banned to to other exchange sites or it's just bittrex violated rules of those altcoin?
Title: Re: Liquidity Advantage for Utility Tokens as Security Tokens delisted from Exchange Post by: adam1230 on October 05, 2017, 06:31:09 AM Bittrex don't like decentralized exchange capable coins such as bitshare.
Maybe in future they will delist all other decentralized exchange coins this will not be a surprise for me. Title: Re: Liquidity Advantage for Utility Tokens as Security Tokens delisted from Exchange Post by: thechex on October 05, 2017, 06:31:54 AM Are all of these altcoins mostly used in chinnese community or it is just bitshares? So is it the site bittrex that had some issues or those listed Altcoins have violated some SEC rules. I am not familiar with the other altcoins but are they banned to to other exchange sites or it's just bittrex violated rules of those altcoin? Listed altcoins violating SEC security laws. SEC wants to protect US token investors. If they are being sold a security, it requires proper risk disclosures that they need to vet, and so requires SEC registration if its a security (selling "expectation of profit based on the efforts of others") token. Most security tokens are not registered with SEC and if selling to US investors can be charged with selling an unregistered security. SEC will be investigating them if unregistered and delisting them from US exchanges. Title: Re: Liquidity Advantage for Utility Tokens as Security Tokens delisted from Exchange Post by: thechex on October 05, 2017, 06:34:10 AM Bittrex don't like decentralized exchange capable coins such as bitshare. Maybe in future they will delist all other decentralized exchange coins this will not be a surprise for me. It's not Bittrex, they don't want to delist them, it's losing money for them. It's the SEC, see explanation in comment above. Title: Re: Liquidity Advantage for Utility Tokens as Security Tokens delisted from Exchange Post by: olushakes on October 07, 2017, 06:22:13 AM "As Bittrex is based in the US, it must abide by new SEC guidelines. Any cryptocurrencies that are close to being labeled a security may now come under fire and authorities may force centralized exchanges hands to remove those coins." Bitrex is one large exchange site that every developer or promoter wants its coin listed and its always a dream come true when it happens. However, its not the only reputable exchange site in the industry just like the ban of ICOs in China create an avenue to raise money from other geographical location, so will this be an opportunity for aspiring exchange site to find their way into the heart of numerous client in the blockchain industry.http://coremedia.info/blockchain-news/item/974-bittrex-s-bitshares-bombshell-bittrex-delists-five-pairs (http://coremedia.info/blockchain-news/item/974-bittrex-s-bitshares-bombshell-bittrex-delists-five-pairs) Increasing importance of utility tokens for token buyers, as regulator involvement gets deeper... Expect many more articles like this. |