Ethereum News Update
Looming over the cryptocurrency market is a big question mark concerning how regulators view the asset class.
Are they commodities? Are they securities? The difference might not seem important to investors, but it could have a huge impact on Ethereum prices.
After all, securities are tightly regulated.
Classifying cryptocurrencies as such could bind them to financial regulations like the Dodd-Frank Wall Street Reform and Consumer Protection Act and The Sarbanes–Oxley Act of 2002. This might, in turn, slow down industry progress by raising the cost of compliance.
Or it might not. This is uncharted territory for everyone.
Written by Gaurav S. Iyer, IFC @ https://www.profitconfidential.com/cryptocurrency/ethereum/ethereum-price-forecast-defining-cryptos-might-change-outlook/ March 8, 2018 Gaurav S. Iyer, IFC