Американский регулятор разъяснил криптокомпаниям правила раскрытия информации

investing.ruPubblicato 2025-04-11Pubblicato ultima volta 2025-04-11

Эмитенты криптоактивов должны подробно объяснять свои бизнес-модели на понятном языке, без чрезмерного использования технической терминологии или отраслевого жаргона. Компании должны описывать текущую стадию развития своего бизнеса и четко определить перспективы развития. Информация должна соответствовать публичным заявлениям и рекламным материалам, включая техническую документацию и любые официальные документы, объяснила SEC.

Криптокомпании должны указать, продолжат ли они вести свой бизнес после запуска сети или приложения, и, в случае утвердительного ответа, описать эту деятельность. Если нет, то рассказать о дальнейших шагах и о том, будет ли в операциях участвовать другая организация. Эмитент обязан раскрыть, каким образом генерирует прибыль и как намерен получать доход. Также нужно предоставить информацию, будет ли ценная бумага или криптоактив использоваться в работе компании, плюс описать роль этого криптоактива в сети/приложении. Кроме того, криптокомпаниям рекомендуется указать:

Разрабатывает ли команда разработчиков сеть, приложение или криптоактив, на какой стадии разработки они находятся, и в какие сроки разработчики планируют развернуть сеть/приложение.
Стадии разработки сети, приложения или криптоактива, включая предполагаемые сроки и затраты ресурсов, а также источник средств для разработки продукта.
Подробности об инфраструктуре, программном обеспечении, управлении криптографическими ключами и функциональности.
Описание лицензий или прав интеллектуальной собственности, связанных с технологией.
Процесс проверки транзакций, механизм консенсуса, размер блока, скорость транзакции, транзакционные сборы (плата за газ) и механизм вознаграждения.
Меры, предпринимаемые для обеспечения безопасности сети или приложения.

На этой неделе SEC уточнила, что не считает стейблкоины ценными бумагами. В феврале регулирующее ведомство заявило, что мемкоины тоже не относятся к категории ценных бумаг, однако предупредило о рисках инвестиций в этот вид токенов.

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