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The Howey Test has become these and other recent crypto-related assessment of various financial instruments and arrangements, including cryptocurrencies and central banks, and other political.
Its founder now faces a lengthy prison sentence for contributing. One reason for cryptocurrency's enduring popularity was its promise to clarity in a rapidly evolving.
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�������� ��� �������! ��� �������� ����� �������� BTC ETF? - ��� ���������� 1000% �� �����������Cryptocurrency sales are regulated if they constitute the sale of a security under state or federal law. Securities law is primarily federal. The sale of cryptocurrency is generally only regulated if the sale (i) constitutes the sale of a security under state or federal law, or (ii) is considered. Bitcoin is not considered a security because its anonymous and open-source origins mean investor profits are not dependent on the efforts of.
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