To be or not to be a security. The question of whether cryptocurrencies are securities or commodities (or another type of asset, for that matter) does not have a final answer yet.
However, it has been on the table for a long time.
Commodities are interchangeable goods, and securities are financial assets, in a dangerously short definition.
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.