{"id":5899,"date":"2022-05-13T20:02:55","date_gmt":"2022-05-13T12:02:55","guid":{"rendered":"https:\/\/www.coinon.pro\/archives\/5899"},"modified":"2022-05-13T20:02:55","modified_gmt":"2022-05-13T12:02:55","slug":"%ea%b2%8c%eb%a6%ac-%ea%b2%90%ec%8a%ac%eb%9f%ac-%ec%95%94%ed%98%b8%ec%9e%90%ec%82%b0%ec%9d%80-%ec%a6%9d%ea%b6%8c-%ea%b1%b0%eb%93%ad-%ea%b0%95%ec%a1%b0","status":"publish","type":"post","link":"https:\/\/www.coinon.pro\/?p=5899","title":{"rendered":"\uac8c\ub9ac \uac90\uc2ac\ub7ec \u201c\uc554\ud638\uc790\uc0b0\uc740 \uc99d\uad8c\u201d \uac70\ub4ed \uac15\uc870"},"content":{"rendered":"
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\"\uac8c\ub9ac
(\uc0ac\uc9c4=Yahoo finance)<\/figcaption><\/figure>\n<\/p><\/div>\n

[\ube14\ub85d\uccb4\uc778\ud22c\ub370\uc774 \ud55c\uc9c0\ud61c \uae30\uc790] \uac8c\ub9ac \uac90\uc2ac\ub7ec \ubbf8 \uc99d\uad8c\uac70\ub798\uc704\uc6d0\ud68c(SEC) \uc704\uc6d0\uc7a5\uc774 \uc554\ud638\uc790\uc0b0\uc740 \uc99d\uad8c\uc774\uba70 \uc774\uc5d0 \ud569\ub2f9\ud55c \uaddc\uc81c\ub97c \ubc1b\uc544\uc57c \ud55c\ub2e4\ub294 \uc790\uc2e0\uc758 \uc8fc\uc7a5\uc744 \uac70\ub4ed \uac15\uc870\ud588\ub2e4. <\/p>\n

12\uc77c(\ud604\uc9c0 \uc2dc\uac01) \ud06c\ub9bd\ud1a0\ud3ec\ud14c\uc774\ud1a0\ub294 \uac8c\ub9ac \uac90\uc2ac\ub7ec \uc704\uc6d0\uc7a5\uc774 \uc9c0\ub09c 11\uc77c \uad6d\uc81c\uc2a4\uc651\ud30c\uc0dd\uc0c1\ud488\ud611\ud68c(International Swaps and Derivatives Association, ISDA) \uc5f0\ucc28 \ucd1d\ud68c\uc5d0\uc11c \uae30\uc874 \uc785\uc7a5\uc744 \uac70\ub4ed \ud655\uc778\ud588\ub2e4\uace0 \uc804\ud588\ub2e4. <\/p>\n

\ubcf4\ub3c4\uc5d0 \ub530\ub974\uba74 \ucd1d\ud68c\uc5d0\uc11c \uac90\uc2ac\ub7ec \uc704\uc6d0\uc7a5\uc740 “\uac01\uc885 \uc0ac\uc5c5\uccb4\ub4e4\uc774 \ub300\ubd80\ubd84\uc758 \uc554\ud638\ud654\ud3d0\ub85c \ub300\uc911\uc758 \uc790\uae08\uc744 \uc870\ub2ec\ud574 \uc774\uc724\uc744 \ucd94\uad6c\ud558\uace0 \uc788\ub2e4”\uba70 “\uc774\ub294 SEC \uad00\ud560 \ud558\uc5d0 \uc788\ub294 \ud22c\uc790\uacc4\uc57d\uc774\ub098 \uc99d\uad8c\uc758 \ud2b9\uc9c8”\uc774\ub77c\uace0 \uc8fc\uc7a5\ud588\ub2e4. \uac90\uc2ac\ub7ec \uc704\uc6d0\uc7a5\uc5d0 \ub530\ub974\uba74 \uc0c1\ud488\uc774\ub098 \ub514\uc9c0\ud138 \uae08\ucc98\ub7fc \uc6b4\uc601\ub418\ub294 \uc554\ud638\uc790\uc0b0\uc740 \uac70\uc758 \uc5c6\uae30 \ub54c\ubb38\uc5d0 \uc0c1\ud488\uc120\ubb3c\uac70\ub798\uc704\uc6d0\ud68c(Commodities Futures Trading Commission, CFTC)\uac00 \uc544\ub2cc \uc99d\uad8c\uac70\ub798\uc704\uc6d0\ud68c\uac00 \uc774\ub97c \uad00\ud560\ud574\uc57c \ud55c\ub2e4\ub294 \uc8fc\uc7a5\uc774\ub2e4.<\/p>\n

\uac90\uc2ac\ub7ec \uc704\uc6d0\uc7a5\uc740 “\ub300\ubd80\ubd84\uc758 \uc554\ud638\ud654\ud3d0\ub294 \ub300\ubc95\uc6d0\uc758 \ud558\uc704\ud14c\uc2a4\ud2b8(Howey Test)\uc5d0 \ub530\ub978 \ud22c\uc790 \uacc4\uc57d”\uc774\ub77c\uace0 \ub367\ubd99\uc600\ub2e4.<\/p>\n

\ud06c\ub9bd\ud1a0\ud3ec\ud14c\uc774\ud1a0\uc5d0 \ub530\ub974\uba74 \ud558\uc704\ud14c\uc2a4\ud2b8(Howey Test)\ub294 1946\ub144 \ubbf8\uad6d \uc5f0\ubc29\ub300\ubc95\uc6d0\uc774 \ud22c\uc790\uacc4\uc57d \uc790\uaca9 \uc5ec\ubd80\ub97c \ud310\ub2e8\ud55c \uc0ac\uac74\uc744 \ub9d0\ud55c\ub2e4. \ubbf8\uad6d\ubc95\uc0c1 \ud22c\uc790\uacc4\uc57d\uc740 \ud0c0\uc778\uc758 \ub178\ub825\uc73c\ub85c \uc5bb\uc744 \uc218 \uc788\ub294 \uc774\uc775\uc5d0 \ub300\ud55c \ud569\ub9ac\uc801\uc778 \uae30\ub300\ub97c \uac16\uace0 \uacf5\ub3d9 \uae30\uc5c5\uc5d0 \ub3c8\uc744 \ud22c\uc790\ud55c \uac83\uc73c\ub85c \ud310\ub2e8\ub418\ub294 \uacbd\uc6b0 \uc778\uc815\ub41c\ub2e4. <\/p>\n

\uc2a4\uc651(swap)\uc73c\ub85c \uc54c\ub824\uc9c4 \ud30c\uc0dd\uc0c1\ud488 \uacc4\uc57d\uc774 \uc554\ud638\ud654\ud3d0 \uc790\uc0b0\uc744 \uae30\ubc18\uc73c\ub85c \ud55c\ub2e4\uba74 \uc774\ub294 \uc99d\uad8c \uae30\ubc18 \uc2a4\uc651\uc774\uba70 \uc99d\uad8c\uac70\ub798\uc704\uc6d0\ud68c \ub4f1\ub85d \ub300\uc0c1\uc774 \ub41c\ub2e4. \uc989, \uae30\ubc18 \uc790\uc0b0\uc774 \uc99d\uad8c\uc774\ub77c\uba74 \ud30c\uc0dd\uc0c1\ud488 \uc5ed\uc2dc \uc99d\uad8c\uaddc\uc81c\ub97c \uc900\uc218\ud574\uc57c \ud55c\ub2e4\ub294 \uc810\uc744 \uac15\uc870\ud55c \uac83\uc774\ub2e4. <\/p>\n

\uac90\uc2ac\ub7ec \uc758\uc7a5\uc740 \ub610\ud55c "SEC\uc5d0 \ub4f1\ub85d\ub41c \ud30c\uc0dd\uc0c1\ud488\uc744 \uc81c\uacf5\ud558\ub294 \ud0c8\uc911\uc559\ud654 \uac70\ub798\uc18c\ub97c \ubcf4\uace0 \uc2f6\ub2e4"\uace0 \ub9d0\ud588\ub2e4. <\/p>\n

\ud55c\ud3b8, \ubbf8\uad6d \uc640\uc774\uc624\ubc0d\uc8fc\uc758 \uc2e0\uc2dc\uc544 \ub8e8\ubbf8\uc2a4(Cynthia Lummis) \uc0c1\uc6d0\uc758\uc6d0\uacfc \ub274\uc695\uc8fc\uc758 \ud0a4\uc5b4\uc2a4\ud2f4 \uc9c8\ub9ac\ube0c\ub79c\ub4dc(Kirsten Gillibrand) \uc0c1\uc6d0\uc758\uc6d0 \ub4f1\uc740 \uc774\uc640 \ubc18\ub300\ub85c \uc554\ud638\ud654\ud3d0\ub294 \uc0c1\ud488\uc774\uba70 \ub530\ub77c\uc11c \uc0c1\ud488\uc120\ubb3c\uac70\ub798\uc704\uc6d0\ud68c\uc758 \uaddc\uc81c\ub97c \uc8fc\uc7a5\ud558\uace0 \uc788\ub2e4\uace0 \ud06c\ub9bd\ud1a0\ud3ec\ud14c\uc774\ud1a0\ub294 \uc804\ud588\ub2e4. <\/p>\n

\n","protected":false},"excerpt":{"rendered":"

(\uc0ac\uc9c4=Yahoo finance) [\ube14\ub85d\uccb4\uc778\ud22c\ub370\uc774 \ud55c\uc9c0\ud61c \uae30\uc790] \uac8c\ub9ac \uac90\uc2ac\ub7ec \ubbf8 \uc99d\uad8c\uac70\ub798\uc704\uc6d0\ud68c(SEC) \uc704\uc6d0\uc7a5\uc774 \uc554\ud638\uc790\uc0b0\uc740 \uc99d\uad8c\uc774\uba70 \uc774\uc5d0 \ud569\ub2f9\ud55c \uaddc\uc81c\ub97c \ubc1b\uc544\uc57c \ud55c\ub2e4\ub294 \uc790\uc2e0\uc758 \uc8fc\uc7a5\uc744 \uac70\ub4ed \uac15\uc870\ud588\ub2e4.  12\uc77c(\ud604\uc9c0 \uc2dc\uac01) \ud06c\ub9bd\ud1a0\ud3ec\ud14c\uc774\ud1a0\ub294 \uac8c\ub9ac \uac90\uc2ac\ub7ec \uc704\uc6d0\uc7a5\uc774 \uc9c0\ub09c 11\uc77c \uad6d\uc81c\uc2a4\uc651\ud30c\uc0dd\uc0c1\ud488\ud611\ud68c(International Swaps and Derivatives Association, ISDA) \uc5f0\ucc28 \ucd1d\ud68c\uc5d0\uc11c \uae30\uc874 \uc785\uc7a5\uc744 \uac70\ub4ed \ud655\uc778\ud588\ub2e4\uace0 \uc804\ud588\ub2e4.  \ubcf4\ub3c4\uc5d0 \ub530\ub974\uba74 \ucd1d\ud68c\uc5d0\uc11c \uac90\uc2ac\ub7ec \uc704\uc6d0\uc7a5\uc740 “\uac01\uc885 \uc0ac\uc5c5\uccb4\ub4e4\uc774 \ub300\ubd80\ubd84\uc758 \uc554\ud638\ud654\ud3d0\ub85c \ub300\uc911\uc758 \uc790\uae08\uc744 \uc870\ub2ec\ud574 \uc774\uc724\uc744 […]<\/p>\n","protected":false},"author":1,"featured_media":5900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[368,265,2523],"class_list":["post-5899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-368","tag-265","tag-2523"],"_links":{"self":[{"href":"https:\/\/www.coinon.pro\/index.php?rest_route=\/wp\/v2\/posts\/5899"}],"collection":[{"href":"https:\/\/www.coinon.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.coinon.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.coinon.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.coinon.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5899"}],"version-history":[{"count":0,"href":"https:\/\/www.coinon.pro\/index.php?rest_route=\/wp\/v2\/posts\/5899\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.coinon.pro\/index.php?rest_route=\/wp\/v2\/media\/5900"}],"wp:attachment":[{"href":"https:\/\/www.coinon.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.coinon.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.coinon.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}