Bank for International Settlements research head: coins may be treated as securities

If crypto is holded for future gains, then securities laws are applicable - implies Hyun Song Shin, research head at the Bank for International Settlements (BIS), one of the powerful international organizations responsible for the clean and transparent market and the corresponding legislation.

The statement has been made in the yesterday speech in Basel, Switzerland, where the meeting of the BIS key members took place. The Bank for International Settlements has been seen in the headlines of the cryptocurrency and finance media last week when it became apparent that the researchers working in this establishment do not think that Bitcoin could work as an Internet currency.

As for the issue of securities, the United States regulators have already made clear that they would not treat Bitcoin and Ethereum as such - although this still cannot be excluded when talking about other coins. The United States is currently one of the biggest and most developed financial centers of the crypto world, and the news on the legal practice and major events in the region can indirectly affect the whole market.

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