Binance Hack and SEC "Statement on Potentially Unlawful Online Platforms for Trading Digital Assets"
cryptocurrency·@lukestokes·
0.000 HBDBinance Hack and SEC "Statement on Potentially Unlawful Online Platforms for Trading Digital Assets"
<center><a href='https://d.tube/#!/v/lukestokes/p4xnbure'><img src='https://ipfs.io/ipfs/QmV27r6wpFKYRk3bWeyKBe2CV5YYVdACL3N6c1c7aGR3wx'></a></center><hr> Here are some notes from the video. > If a platform offers trading of digital assets that are securities and operates as an "exchange," as defined by the federal securities laws, then the platform must register with the SEC as a national securities exchange or be exempt from registration "must"? Are we the children and you the parent? Are you our master? What authority do you have to tell us adults what we can and can not do with our own stores of value? Your authority is illegitimate backed by threats of violence against innocent people. If there is no victim, there is no crime. > and the so-called standards should not be equated to the listing standards of national securities exchanges. Good! We don't want your "tripple-A" rated phony standards. That's why we built and use this alternate system! Your centralized control does not make you effective at regulation. It makes you a target for sociopaths to control and manipulate through threats of violent force. That said, _some_ of these are good suggestions. Thank you for being helpful. As adults, we'll take your helpful suggestions under advisement as we make our own decisions. * Do you trade securities on this platform? If so, is the platform registered as a national securities exchange? * Does the platform operate as an ATS? If so, is the ATS registered as a broker-dealer and has it filed a Form ATS with the SEC? * Is there information in FINRA's BrokerCheck ® about any individuals or firms operating the platform? * How does the platform select digital assets for trading? * Who can trade on the platform? * What are the trading protocols? * How are prices set on the platform? * Are platform users treated equally? * What are the platform's fees? * How does the platform safeguard users' trading and personally identifying information? * What are the platform's protections against cybersecurity threats, such as hacking or intrusions? * What other services does the platform provide? Is the platform registered with the SEC for these services? * Does the platform hold users' assets? If so, how are these assets safeguarded? > must register > must have rules > must itself comply > an ATS must comply Why? Please see <a href="https://steemit.com/blockchainfreedom/@lukestokes/understanding-blockchain-freedom-episode-003-safety-and-security">episode 3 of Understanding Blockchain Freedom: Safety and Security</a>. Go ahead and watch all of them for free at <a href="http://www.understandingblockchainfreedom.com">understandingblockchainfreedom.com</a>. You can <a href="https://www.sec.gov/news/public-statement/enforcement-tm-statement-potentially-unlawful-online-platforms-trading">view the SEC statement here</a>. Details on the Binance hack can be found here <a href="https://medium.com/@michielmulders/alleged-hack-of-binance-linked-to-viacoin-pump-bb9066bf96bf">Binance Hack Linked To Viacoin Pump (Official Update)</a> and here <a href="https://www.trustnodes.com/2018/03/08/changpeng-zhao-traps-binance-hackers-first-crypto-exchange">Changpeng Zhao Traps the Binance Hackers in a First For a Crypto Exchange</a>. To view this on DTube, click the image at the top of this post. To view ths on YouTube, use the player below: <iframe width="560" height="315" src="https://www.youtube.com/embed/RTCWFMo9BMs" frameborder="0" allow="autoplay; encrypted-media" allowfullscreen></iframe> <br /> Thanks for watching. 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Visit <a href="http://understandingblockchainfreedom.com/">UnderstandingBlockchainFreedom.com</a></em> </p> <center>[](http://steemitboard.com/board.html?user=lukestokes) [](http://steemitboard.com/board.html?user=lukestokes) [](http://steemitboard.com/board.html?user=lukestokes) [](http://steemitboard.com/board.html?user=lukestokes) [](http://steemitboard.com/board.html?user=lukestokes) [](http://steemitboard.com/board.html?user=lukestokes) [](http://steemitboard.com/board.html?user=lukestokes)</center> <center><sub><a href="https://steemit.com/witness-category/@lukestokes/vote-luke-stokes-for-witness-as-lukestokes-mhth">I'm a Witness</a>! 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