Regulation
The cryptocurrency market is advancing as U.S. regulatory gu
The cryptocurrency market is advancing as U.S. regulatory guidance and adoption by major financial institutions proceed in tandem. Staff from the U.S. Securities and Exchange Commission’s (SEC) Corporate Finance Division indicated that, based on the facts presented, Canton Coin—the native asset of the Canton Network—should be viewed as a “digital commodity.” They further stated that they would not recommend enforcement action against participants in the network who issue the coin in accordance with its programmed mechanisms, even if the coin is not registered as a security. This determination is not a broad, blanket exemption applicable to all cryptocurrencies. The SEC...
KuCoin3 min read
