Unicoin shareholders have approved a transition to a decentralized asset structure, following a Special Shareholder Meeting on December 5. This strategic move aligns with new SEC guidelines that classify cryptocurrencies as securities only if they involve managerial efforts. By transferring control to the Unicoin Foundation, the project aims to avoid being classified as a security, thus facilitating its listing on major exchanges as a commodity.
CEO Alex Konanykhin highlighted that the updated digital asset regulations will enhance Unicoin's liquidity. Policy consultant Sakineh Majd praised the transition as a significant improvement. With shareholder approval, Unicoin is now set to prepare for its upcoming exchange listings.
Unicoin Shareholders Approve Decentralization for Exchange Listing
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