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July 24, 2023 at 4:24 pm
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Doğa Armangil
July 26, 2023 at 1:10 am
2:50 (is MATIC a security?) It is in the governments’ self-interest to declare that most if not all crypto tokens are securities, otherwise their control over the economy would dwindle, and no government wants that. One argument against this over-regulation would be this: THE CURRENCY/SECURITY DICHOTOMY IS SOMEWHAT ARTIFICIAL, the only obvious difference is that currencies are issued by governments, whereas securities are issued by companies. People make money buying/selling fiat by leveraging exchange rate fluctuations, so fiat could be considered a security. Arguably, if the crypto world can’t pull up the cryptocurrency card, then what they are left with is things like DePIN (acting as an incentive layer for the participants of decentralised projects).