As per Chainwire, Unicoin shareholders have approved the transition of the cryptocurrency into a decentralized, community-driven asset following a Special Shareholder Meeting on December 5. This move aligns with new SEC guidelines that define cryptocurrencies as securities only if there is an explicit expectation of managerial efforts by the issuer. By transferring management responsibilities to the Unicoin Foundation, the project avoids being classified as a security, enabling it to be listed on major global crypto exchanges as a commodity. CEO Alex Konanykhin stated that the new SEC guidelines allowed Unicoin to avoid restrictive classifications and improve liquidity. Policy consultant Sakineh Majd noted the regulatory shift as a major improvement, providing a clear path for Unicoin to avoid security status. With shareholder approval secured, Unicoin is now proceeding with plans to list on several major crypto exchanges.
Unicoin Shareholders Approve Transition to Decentralized Asset for Exchange Listing
ChainwireShare
Summary
Unicoin shareholders approved the transition to a decentralized asset following a Special Shareholder Meeting on December 5. The move aligns with new SEC guidelines on crypto asset classification, which define cryptocurrencies as securities only if there is an expectation of managerial efforts. By shifting control to the Unicoin Foundation, the project avoids security status, enabling listing on major exchanges as a commodity. CEO Alex Konanykhin said the updated digital asset regulation allows Unicoin to improve liquidity. Policy consultant Sakineh Majd called the shift a major improvement. With approval secured, Unicoin is now preparing for exchange listings.
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