How Coin Center Is Helping Define The 'Big Fuzzy Gray Area' Of Blockchain And Cryptocurrency Law
Unchained
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What Is the Howey Test?
The howey test has four parts. It's an investment of money in a common enterprise with the expect ation of profits dependent or reliant on the efforts of a third party promoter. And if you meet these then you are securi i your issuing a security, in which case always regulation, supply, retaret. So this is an open test. It can be applied to cover any different type of offering. And potentially something like pay coin would fit very well into that test.
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