BlockFi, a service that earns interest on virtual currency deposits, has been ordered by the state of New Jersey and others to hold a hearing in October to determine whether it should be ordered to violate securities laws. It has been announced that a public hearing will be held in October to determine whether or not to issue a business order.
The author is currently using BlockFi for MTT activities, but as of now
I am currently using BlockFi for MTT activities, but I have only a small amount of money in it.
I don't know what will actually happen until the public hearing scheduled in October.
I'm not sure what will happen until the hearing in October.
I personally think that we should not panic and not evacuate our funds, but wait and see.
I'm not an expert in this area of law, so I can't speak too highly of it, but I wonder how the currency I'm dealing with is treated as securities since it's not issued by BlockFi.
However, not only in the U.S., but also in many other countries, virtual currencies are becoming something that cannot be ignored. That's why regulations have been increasing recently.
At the same time, however, the country is looking for ways to deal with virtual currencies.
In fact, there are reports that the U.S. is seeking opinions on virtual currencies from a variety of sources.
Therefore, I believe that the current "regulations for now" will be replaced by a "national policy" in the future.
Until then, the price of currencies will be quite unstable.
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