/biz/ - Business & Finance

>>25284206

>The central question is whether XRP is a currency or security. Currency is a medium of exchange and store of value, like dollars, gold, or frequent flier miles. A security, on the other hand, is a financial investment contract, typically tradeable, like a stock or bond. This matters because different laws and regulations apply. In 2015 the US Departments of Justice and Treasury concluded, as part of a settlement with the Financial Crimes Enforcement Network (FinCEN), that XRP is a currency. Indeed, Ripple has been complying with rules for digital currencies with these agencies for 5 years, in addition to the currency compliance it performs across countries. Ripple notes that the XRP ledger is decentralized and open-source, operating on consensus among a growing community of users and developers making new products with it, and XRP is not an investment contract in their company nor something they control. If investors want to invest in Ripple, they would buy shares in the company itself, not XRP.

What did they mean by this?

>>25173948

Good, I can buy more.

>>25124329

Absolutely based.

>>24950761

Myth of mental illness was one of the first books I read when starting this subject, good stuff. I'll check the channel out, thanks.