A Ravencoin community member and U.S. lawyer reviews whether or not RVN is a security under U.S. securities laws.

“Conclusion:

Ravencoin is a community-based protocol consisting of code and users.  No person or entity controls, promotes or marketed it in a capital-raising exercise.  It was created without any fundraising, pre-mine or ICO.  RVN purchasers do not invest in an enterprise; they acquire RVN so they, or someone else in the future, can use it.  It is a direct fork of the Bitcoin codebase and is modeled after Bitcoin, which SEC representatives have made clear does not meet the Howey test.  RVN bears none of the hallmarks of a security.[27]”

Read Full Review Below:

Ravencoin Memorandum – Google Docs

Editor-In-Chief
Editor-In-Chief

Ravencoin news aggregator. Let’s make a one-stop place to check on RVN news!