Consumer Connection: What to know about cryptocurrency and securities
Cryptocurrency, or “crypto,” has been featured in many headlines and TV ads as it continues to grow in popularity, both as a new technology and as an investment tool. But the term itself is imprecise and has a broad meaning. Many cryptocurrency tokens are not themselves securities, but they can be used as the basis for the offer and sale of crypto-related securities. The Office of the Kansas Securities Commissioner, a division of the Kansas Insurance Department, does not directly regulate cryptocurrency. However, the Department does have regulatory jurisdiction over securities products that are related to cryptocurrencies.