You are viewing a single comment's thread from:

RE: Is google an illegal money transmitter and securities exchange?

in #eos7 years ago

Conclusion

The mere existence of a token does not create a security nor a liability. The provision of computation-as-a-service does not make one a money transmitter or securities exchange. Paying service providers-in-kind does not make the service providers issuers nor money transmitters.

Totally agree. The blockchain as is in its simplest terms a means to which a service or information can be written on a spreadsheet/ledger and the best part is that its immutability unlike Google sheets where in google has all the powers to change or alter anything should it wish to do so.

In this case blockchains such as EOS tokens and so on should not be considered a security nor a liability in this specific case.