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by amalag 3088 days ago
Yes many tokens are being used as shares and trying to circumvent securities law.
2 comments
LrnByTeach 3088 days ago
not just "Many" , All of these 1400 coins listed on this site except couple of them are "being used as shares to circumvent securities law"

https://coinmarketcap.com/

>Yes many tokens are being used as shares and trying to circumvent securities law.

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tehlike 3088 days ago
Tokens are actually mostly not shares. You dont own the company that issues the tokens. Everybody likes to think that it is, though.
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LrnByTeach 3087 days ago
The term "shares" is used here in loose sense, all these are coins/tokens .

All these companies behind this coins/tokens have no "paid" employee or assets and no legal registration ( for the coin itself) so there is no meaning to "shares" . There is nothing for ownership rights in the sense of share .

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Semaphor 3087 days ago
There are a few, like Modum, that are really nothing but unregulated shares. Most of them are unregulated less-than-shares.
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