What is e-commerce business? 4 Tactics to Thrive
August 16, 2017
When it comes to government regulations, what exactly is a cryptocurrency?
Is it a currency? Is it software? Is it more like equity? And if it is equity, does that imply it should be operated like any other protection?
The U.S. SEC, Securities and Exchange Commission recently evaluated.
How official regulators like the SEC define and consider cryptocurrencies is important because it affects both the worth of cryptocurrencies and how likely it is that blockchain technology will flourish in a specific territory.
For example, if a country’s regulatory organization decides that cryptocurrencies should be prohibited, then this will pull down prices (depending on the country’s size) and blockchain technology firms will avoid setting up shop or investing there – they will not feel welcomed.
The SEC has been remarkably silent on the cryptocurrencies subject. Other governing regulatory organizations and governments, mostly in Asia, have been very active in outlining how they will deal with and standardize bitcoin and cryptocurrencies as an asset class.
In May 2017, Tama Churchouse of “Stansberry Churchouse Research” informed us that the Securities and Exchange Commission would eventually enter this market. “Particularly as the financial stakes improve.”
Now, it looks like the Securities and Exchange Commission (SEC) is on the ball.
Contact us at Kapital Solutions to discuss the different Fintech solutions you can get for your business.
