/biz/ - Business & Finance

>>8712591
What makes Centra a security?

This is awesome we get to see what will happen when the sec releases a list of coins that must be treated as a security in the usa.

>>8712627
being an ICO, according to SEC every ICO is an unregistered security

Okay found it
>The Centra ICO was a clear offer
and sale of securities because,
inter alia
, Defendants touted, and Plaintiff and other Centra ICO investors reasonably expected, that the CTR Tokens received in exchange for their investments would be worth more than the ETH, Bitcoin (BTC), Litecoin (LTC), or other currencies invested. Additionally, Def
endants have explicitly referred to the ICO participants as “investors” and repeatedly stressed the “growth potential” of the CTR Token.

So any token owner that stresses its growth potential or calls its buyers investors is a security? Isnt that like all ICOs tho

>>8712657
ah, makes sense i guess

>>8712591
FOOK THE MAYWEDDAS

>>8712591
I thought the SEC was /our agency/?

This is good news. They're only cleaning up the shit

>>8712694
They are. Look what happened to the last coin mayweather endorsed. People lost trillions

>>8712591
>OI BOGDONAUF LOAD UP THEE MAYWEDDA FOD

>>8712670
>So any token owner that stresses its growth potential or calls its buyers investors is a security?
Surprise, surprise!
>cryptoautists not so tough after being molested by SEC

>>8712694
>implying this isn't bullish

this is what is needed to get normies/institutions to buy our bags

check coinigy

savage mode

>>8712733
No we need less regulations not more. First it's just busting fraud. Then before you know it they are instituting net worth requirements in order to buy in to ICOs. We need less government.

>>8712591
thanks allot

1st time witnessing

BITCONNECT PART 2

now say thanks to EOS and LINK founders. y they keep their mouth shut.

>>8712591
list of things that crypto is

[x] property
[x] security
[x] money transmitter
[x] capital
[x] a store of value
[x] digital gold
[x] proposed national currency of a socialist shithole
[_] peer to peer electronic cash

satoshi's vision irrecoverably BTFO

>>8712591
holy shit even Mayweather was involved in some ICO? no wonder it had to go down

>>8712874
True but with a an acceptance curve.

we are not taking peoples guns just saying why do you need multiple magazines with a 5150 jacket

All ico scam coins are unlicensed securities. Ethereum founders should be very worried as that was itself an unregistered unlicensed security.

>>8712976
>Ethereum founders should be very worried as that was itself an unregistered unlicensed security.
a lot of people say this days 'why everything is going down? there are no bad news'
well, what if some people already know coming bad news

Wow this was a scam?? Who could've guessed!

>>8713122
I did, esp pajeet ceo, what can we expect.

red marks.

> Pajeets -- open scam
> chinks . -- closed door door(by hyping with vaporware)

>>8713660
>> chinks . -- closed door scams(by hyping with vaporware)

CTRCONNEEEEECT

>>8713122
They don't call him Scam Sharma for nothing...

Who the FUCK is still buying this?

kek, maybe they think they're buying the "dip" RIP to them

>>8713817
>be greedy when others are fearful

>>8712670
It's not just about being an unregistered securities offering, it's about being a scam. The centra founders just took the ICO money, didn't try to build any product/company, and tried to run with the money. These are the ICOs that the SEC will mainly go after. Also they allowed and advertised to American investors.

ICOs that are actually trying to build the product they planned to do and didn't explicitly say that they investment will lead to profit should be fine. And to be on the safe side, almost all ICOs now are prohibiting unaccredited American investors.

Also they are going to focus on ones where investors lost money. If all the ICO investors profited, none of them are going to complain to the SEC, so unlikely the SEC would care about it. No investor in the Ethereum ICO is going to complain they were scammed

What does this mean for Binance? They listed this shitcoin.

What does this mean for stox?

>>8712591
ICO's are finished. People need to look into this more in depth. The SEC is heavily investigating and ICO that had over 7 figures of funding. Lots of people are going to jail - but hasn't been widely known.

>>8712706
This.

Top Kek.

>>8714439
Looks like some cult shit. Don't drink the kool-aid or in their case... Don't hit the blunt.

>>8714383
ICOs are very different from trading on secondary markets (exchanges). With an ICO, you're giving money to founders of the company based on a promise. When you buy on an exchange, you're buying from another retail investor. The SEC is mainly focused on ICOs. Exchanges that don't allow ICOs will face regulation too, but it will be more around KYC, ensuring they have proper security in place etc. I think agencies like FINRA deal with that, not the SEC. The exchanges make money off trading fees, which is very different from getting money by issuing an ICO. There are plenty of stocks that turned out to be scams, but the Nasdaq/NYSE doesn't get blamed for that.