kaal:claim:2998033-014

Private investment funds operating solely on the Melon protocol are less likely to be required to register as a commodity pool operator or commodity trading advisor, because the CFTC has not labelled digital assets a currency under its guidelines.

Source quote, verbatim

Because the CFTC has not labelled digital assets a currency under CFTC guidelines, private investment funds operating solely on the Melon protocol will be less likely to be required to register as a CPO or CTA.

From

Wulf A. Kaal, Blockchain Innovation for Private Investment Funds (2017), II.5. Regulatory Implications, p. 17
https://ssrn.com/abstract=2998033 · source PDF

Cite as

Wulf A. Kaal, Blockchain Innovation for Private Investment Funds (2017). SSRN: https://ssrn.com/abstract=2998033

Holds when

as of 2017 CFTC guidance

Classification

conditionsupport: arguedsecurities-law

Verify

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