kaal:claim:3117224-021

The UK Financial Conduct Authority takes the position that ICOs may be regulated as securities depending on the aspects and rights the coin holder obtains through holding the coin, assessed case by case.

Source quote, verbatim

The FCA has taken the position that ICO's may be regulated as securities depending on the different aspects and rights the coin holder obtains through holding the coin.

From

Wulf A. Kaal, Initial Coin Offerings The Top 25 Jurisdictions and Their Comparative Regulatory Responses (2018), IV. Regulatory Responses, p. 12
https://ssrn.com/abstract=3117224 · source PDF

Cite as

Wulf A. Kaal, Initial Coin Offerings The Top 25 Jurisdictions and Their Comparative Regulatory Responses (2018). SSRN: https://ssrn.com/abstract=3117224

Holds when

United Kingdom

Classification

conditionsupport: evidencedsecurities-lawsystemic-risktokenomics

Verify

The quote above is an exact substring of the source PDF, whose sha256 is 83e9ccb9219a217d9fcfc5c098b897229ee7cf85623bee3ae22d2e986548466b. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/ea102899d5ed9c5c...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3117224-021.md | sha256sum