Cryptocurrencies or cryptoassets

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Things are gradually becoming official with cryptocurrencies! According to the American press, most cryptocurrencies should soon be defined as traditional financial securities. It will no longer be a question of "cryptocurrencies" but of "cryptoassets"

Currently the SEC (Securities and Exchange Commission) is on the case; the American Stock Exchange police seem to want to shift cryptocurrencies towards a clarified legal framework. The SEC should soon announce that most cryptocurrencies will now have to be assimilated to traditional financial securities, and comply with precise rules.

Each company that has issued a cryptocurrency on the market will have to provide complete documentation to the US regulator. Scams are very unlikely to pass this first step. If the SEC is in favour of cryptocurrency, it would then be exchangeable on transparent and regulated marketplaces. To date, no market place authorizes the exchange of "cryptoassets", with the exception of the two Chicago exchanges where Bitcoin futures are listed and traded.

cryptocurrency regulation

Will all cryptocurrencies become cryptoassets?

Fully decentralized cryptocurrencies should be spared. We are talking about cryptocurrencies not controlled by an entity, cryptocurrencies that are not supported by a company or that have enabled the same company to raise funds on the cryptocurrency market.

A priori, here are some examples of Cryptocurrencies that would not become cryptoassets: Bitcoin, Litecoin, Monero and Dash.

On the other hand, the following well-known Cryptocurrencies would become cryptoassets: Ethereum, Ripple, NEO, Cardano and Iota.

To generalize globally, suffice to say that all cryptocurrencies resulting from an ICO (Initial Coin Offering) will become cryptoassets.

Is cryptocurrency as a cryptoasset good news?

Concretely, yes! The time for a big clean-up is nigh! And investors should take this news as EXCELLENT news! Although we hear a lot about the flagship cryptocurrencies, we forget the millions (or billions) of dollars that have been lost in scams, or the ICOs (in progress) conducted by rogue companies whose only objective is to get away with the money raised.

The opening of cryptoassets on transparent and regulated marketplaces should allow traders to speculate/invest more comfortably. The end certainly of the cryptocurrency trading platform with little or no regulation. They will only have to offer trading for 100% decentralized cryptocurrencies.

Cryptoassets and shares (financial market assets): what's the difference?

All cryptocurrencies concerned by this regulation are already assimilated to shares in companies, but are listed on a decentralised market. Doesn't the act of repatriating these cryptocurrencies into cryptoassets on a centralized market simply transform a cryptocurrency into shares (financial market assets)? I don't have the answer to that question. But concretely (for me) there should be no difference between a cryptoasset and a share.

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