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Coinbase applied to the Court of Appeal to rule that token transactions on its platform were not securities transactions

Online reports, BitcoinNews reported that Coinbase filed an application with the U.S. Court of Appeals for the Second Circuit to rule that digital token transactions on its platform are not securities transactions that require federal law regulation. Coinbase stated in its application that transactions on the platform are only asset sales, the parties to the transaction are anonymous, and there are no other commitments other than the sales of digital assets, so there are no additional obligations between the parties. The company stated that...

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