The investment contract asset, which is an asset that is sold as part of an investment contract that is not subject to security, but at the time of sale is considered an investment contract, is the latest law to be introduced to us cryptomillennials in 2020.
As we know there are similar working methods with those applied to the Monetary Authority of Singapore, Hong Kong, and Taiwan.
However, it turns out that the implementation of the system does not fit into the existing regulatory framework of the Securities and Exchange Commission (SEC) or what we know as an independent United States agency responsible for protecting investors.
Although Coinbase has asked for accelerated law enforcement because without strong laws it is prone to fraud such as insider trading. According to the SEC, the enforcement of new laws, especially those regarding crypto, needs to be reviewed and prudent.
The request for Chinese banks to build a crypto business in Hong Kong with Crypto as a volatile asset class, may not be a bad thing if it moves to Asia. It is likely that this could be the reason for the current
Bullish Asian markets.
