Coinbase

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  • A Securities Law Framework for Blockchain Tokens
    7 Dec 2016

    This document is a general guide for developers and users of tokens. Part 1 ​is designed to estimate how likely a particular token is to be a security under US federal securities law. Part 2​ sets out some best practices for crowdsales. Part 3​ is a detailed securities law analysis by Debevoise & Plimpton LLP.

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