Guosheng Security Assessment: A significant number of virtual currencies have encountered a similar situation for Ripple and risk management.

2020-12-30 20:30
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According to the Beijing Business Daily, the Song Jiaji team of the Guosheng Securities Blockchain Research Institute said the SEC will determine whether the asset is "safe" according to the "Howey Test" according to the research. It's no surprise that the SEC standard sees Ripple as security. Compared to Bitcoin, for example, Ripple has more power. The SEC's attitude towards security has always been similar. This means that a security statement must be registered with the SEC or meet the requirements of the waiver. Blockchain assets are not illegal, and their development can interfere with regulation as their development ends up connecting to the 'normal' world, especially the commercial capital economy. A significant number of cryptocurrencies face a similar situation for Ripple and will be risk averse. Additionally, business manipulation and fraud can be observed in some cryptocurrencies and cryptocurrency exchanges.

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2020-12-30 20:32