SEC decision on Ethereum cryptocurrency could affect others funded by ICOs

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Computerworld -

The second most valuable cryptocurrency behind bitcoin, Ethereum, is under regulatory scrutiny by the Securities and Exchange Commission (SEC), which is considering whether it should be classified as a commodity or a security.

An SEC decision to classify Ethereum’s Ether cryptocurrency as a security could have far-reaching consequences for other digital monies originally crowdfunded through initial coin offerings (ICOs).

[ Further reading: What is FinTech (and how has it evolved)? ]

Bitcoin, Ether and other cryptocurrencies have come under increased regulatory scrutiny by states and the U.S. government seeking to protect investors purchasing the digital currencies on open exchanges.

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