Bittrex, buy stocks with BTC. Good but is it legal?

By Snow Under Sun | SnowUnderSun | 7 Dec 2020

Cryptocurrency exchange Bittrex launched tokenized stocks.

With USDT, USD or Bitcoin, you can buy major stocks in Bittrex.

Apple, Amazon, Google, Pfizer, Alibaba, Bilibili, Tesla and more.

Here is Apple - USDT pair as an example.

All looks very good and expected movement in crypto sector.

But...

Selling stocks requires many financial licenses and needs clear approval from SEC.

Honestly I have no idea about Bittrex's recent approach to tokenized stocks based on legal ground or not. I hope that they got all legal requirements before its launch.

1934 National Securities Act, Section 6. Any exchange that provides a platform to exchange American securities, must register to SEC.

List of registered exchanges are in SEC website.

https://www.sec.gov/fast-answers/divisionsmarketregmrexchangesshtml.html

Cryptocurrency

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Snow Under Sun

A westerner in Thailand. Previously,13 years Sales Executive in a Forbes 500 company and 6 years HR executive in a multinational company. Crypto trader since 2015.

SnowUnderSun

A westerner in Thailand. Crypto trader since 2015. Previously Sales Executive in a forbes 500 company.

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