SEC ruled that Bitcoin and Ethereum are not classified as securities.
One of the grey area is that Smartcash has Smart Rewards, the payout for the rewards can be viewed as some form of dividends. And may classify Smartcash into a security. This have it's implications.
Either that, or Smartcash may have to reorganise in some fashion to avoid being classified as a security.
Anyone have more to add to this discussion?
Legal advice provided by lawyers in Singapore advised that smartcash is not a security. similar legal advise is also being sought in the USA. smartrewards are a loyalty program and not a dividend.
thats very good to know