Friday , 17 August 2018
Home >> E >> Emerging Technology >> SEC decision on Ethereum cryptocurrency could affect others funded by ICOs

SEC decision on Ethereum cryptocurrency could affect others funded by ICOs

The second most valuable cryptocurrency behind bitcoin, Ethereum, is under regulatory scrutiny by the Securities and Exchange Commission (SEC), which is considering whether it should be classified as a commodity or a security.

An SEC decision to classify Ethereum’s Ether cryptocurrency as a security could have far-reaching consequences for other digital monies originally crowdfunded through initial coin offerings (ICOs).

Bitcoin, Ether and other cryptocurrencies have come under increased regulatory scrutiny by states and the U.S. government seeking to protect investors purchasing the digital currencies on open exchanges.

Internationally, bitcoin has also been more tightly regulated for its drain on infrastructure resources, mainly its use of electricity to run vast data centers.

close
==[ Click Here 1X ] [ Close ]==