It's Official: Ether Is a Commodity, Not a Security – Understanding the World of Digital Assets
Joel Telpner presented "It’s Official: Ether Is a Commodity, Not a Security – Understanding the World of Digital Assets" at a webcast sponsored by Celesq AttorneysEd Center on November 22, 2019.
All the news about Bitcoin, Ether, Libra, Ripple and JPMorgan’s Coin makes companies wonder if they should issue their own cryptocurrency immediately or never. But it is not only companies – sovereign countries, like China and the Marshall Islands, are creating blockchain-based digital currencies that will act as the country’s official legal tender. How to determine the legal nature of a digital asset and can it really go back and forth between being a security and a commodity like the regulators have suggested? How do the benefits of issuing fund interests or company stock in tokenized form compare to the legal hurdles?
The webinar paved the way to understand what the promise of blockchain technology and cryptocurrencies is as well as other digital assets. Joel discussed the regulatory uncertainty stigmatizing digital assets and the various legal issues activated from characterizing, issuing, trading and custody of these innovative instruments.