SEC emphasizes that Crypto Mining does not include stock trading – The Shib Daily

The Institutional Finance Department of the American Securities and Stock Exchange Committee (SEC) has shared its point of view on the activities of encryption mining in Blockchain networks of proof of work (POW), with the aim of clarifying how federal securities laws are applied to encryption assets.

in statement It was issued on March 20, the Supreme Education Council dealt with the role of mining for encryption assets in public networks without permission. The statement focused on the basic assets of the network operation, either by participating in its consensus mechanism or by contributing to its security and functions.

In addition, SEC explained that decentralization Prisoner networks Do not fall under the category of securities. While the statement did not refer to any specific Blockchain, SEC’s position on POW’s activities has been set within networks without permission to rely on mining for consensus. Guidance applies to both individual miners and mining complexes that operate within these networks.

“From the department’s point of view that” mining activities “(defined in this statement) with regard to protocol mining, in light of the circumstances shown in this statement, do not include the offer and sale of securities in the meaning intended in Section 2 (1) (1) Securities Law of 1933 (Securities Law) and Article 3 (A) (10) of the Securities Draining Law.

According to the department’s point of view, the participants are in Mining activities You do not need to register transactions with the committee under the Securities Law or fall within the exemptions of the Securities Law on registration regarding these mining activities.

Moreover, the SEC Institutional Finance Department stated that individuals and entities participating in mining activities are not required to register their transactions under the Securities Law. The department also explained that these activities do not need to qualify for a registration exemption.

SEC guidelines are a major clarification in the continuous debate about encrypted currency regulations. However, the broader organizational scene of the encryption assets is still complicated, as SEC continues to assess Blockchain financial activities based on each case separately.

With the development of the encryption industry, the SEC position on mining can affect regulatory methods in other judicial states. Industry participants are expected to monitor any other developments or additional guidelines that may appear in the future.

Read more

Michaela has no encryption situations and does not carry any encryption assets. This article is provided for media purposes only and should not be explained as a financial advice. SHIB and Shib Daily are the media and official publications of the Shiba Inu Cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.

Publishing views: 20