{"id":10055,"date":"2025-06-20T15:32:23","date_gmt":"2025-06-20T15:32:23","guid":{"rendered":"https:\/\/cryptozen.asia\/kr\/sec%ec%9d%98-%ec%8a%a4%ed%85%8c%ec%9d%b4%ed%82%b9-%ea%b0%80%ec%9d%b4%eb%93%9c%eb%9d%bc%ec%9d%b8-%eb%b3%80%ed%99%94%eb%8a%94-%ea%b8%b0%ec%88%a0%ec%a0%81%ec%9c%bc%eb%a1%9c-%eb%b0%9c%ec%a0%84%eb%90%9c\/"},"modified":"2025-06-20T15:32:23","modified_gmt":"2025-06-20T15:32:23","slug":"sec%ec%9d%98-%ec%8a%a4%ed%85%8c%ec%9d%b4%ed%82%b9-%ea%b0%80%ec%9d%b4%eb%93%9c%eb%9d%bc%ec%9d%b8-%eb%b3%80%ed%99%94%eb%8a%94-%ea%b8%b0%ec%88%a0%ec%a0%81%ec%9c%bc%eb%a1%9c-%eb%b0%9c%ec%a0%84%eb%90%9c","status":"publish","type":"post","link":"https:\/\/cryptozen.asia\/kr\/sec%ec%9d%98-%ec%8a%a4%ed%85%8c%ec%9d%b4%ed%82%b9-%ea%b0%80%ec%9d%b4%eb%93%9c%eb%9d%bc%ec%9d%b8-%eb%b3%80%ed%99%94%eb%8a%94-%ea%b8%b0%ec%88%a0%ec%a0%81%ec%9c%bc%eb%a1%9c-%eb%b0%9c%ec%a0%84%eb%90%9c\/","title":{"rendered":"SEC\uc758 \uc2a4\ud14c\uc774\ud0b9 \uac00\uc774\ub4dc\ub77c\uc778 \ubcc0\ud654\ub294 \uae30\uc220\uc801\uc73c\ub85c \ubc1c\uc804\ub41c \uaddc\uc81c\uc758 \ubaa8\uc2b5\uc774\ub2e4"},"content":{"rendered":"

1990\ub144\ub300 \ud6c4\ubc18\uc758 \uc778\ud130\ub137\uacfc \uc554\ud638\ud654\ud3d0\uc758 \uc5ec\uba85\uae30<\/h2>\n

1990\ub144\ub300 \ud6c4\ubc18 \uc778\ud130\ub137\uc758 \uc5ec\uba85\uae30<\/strong>, \uae30\uc220\uc740 \uaddc\uc81c\ub97c \ucd08\uc6d4\ud558\uc600\uace0, \ubcc0\ud638\uc0ac, \uc5d4\uc9c0\ub2c8\uc5b4 \ubc0f \uc815\ucc45 \uc785\uc548\uc790\ub4e4\uc740 \uc2e4\uc2dc\uac04\uc73c\ub85c \ud568\uaed8 \ubc30\uc6cc \ub098\uac00\uc57c \ud588\uc2b5\ub2c8\ub2e4. \uc77c\ubd80 \uaddc\uc81c \ub2f9\uad6d\uc740 \uc778\ud130\ub137\uc744 \uc704\ud611\uc73c\ub85c<\/strong> \uc5ec\uacbc\uace0, \ub2e4\ub978 \uc774\ub4e4\uc740 \uadf8\uac83\uc744 \ub3c4\uc804<\/strong>\uc73c\ub85c \uc778\uc2dd\ud588\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \uac00\uc7a5 \ud070 \ubcc0\ud654\ub97c \uc774\ub8e8\uc5b4\ub0b8 \uac83\uc740 \ubc14\ub85c \uae30\uc220\uc774 \uc791\ub3d9\ud558\ub294 \ubc29\uc2dd\uc5d0 \uc9c1\uc811 \ucc38\uc5ec\ud558\ub824\uace0 \ud588\ub358 \uc774\ub4e4\uc774\uc5c8\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \ucc38\uc5ec \ub355\ubd84\uc5d0 \uc778\ud130\ub137\uc740 \uc8fc\ubcc0\uc801\uc778 \uc2e0\uae30\uc220\uc5d0\uc11c \uce5c\uc219\ud55c \uc778\ud504\ub77c\ub85c \ubc1c\uc804\ud560 \uc218 \uc788\uc5c8\uc2b5\ub2c8\ub2e4. \ud604\uc7ac \uc554\ud638\ud654\ud3d0<\/strong> \uc5ed\uc2dc \ub9c8\ucc2c\uac00\uc9c0\uc785\ub2c8\ub2e4. \uc99d\uad8c\uac70\ub798\uc704\uc6d0\ud68c(SEC)\uc758 \uc2a4\ud14c\uc774\ud0b9\uc5d0 \ub300\ud55c \ucd5c\uadfc \ubc1c\uc5b8\uc740 \ub124\ud2b8\uc6cc\ud06c \ucc38\uc5ec\uc640 \uc99d\uad8c \ud22c\uc790 \uac04\uc758 \ucc28\uc774\ub97c \uc778\uc2dd\ud558\uae30 \uc2dc\uc791\ud588\ub2e4\ub294 \ucd08\uae30 \uc2e0\ud638\ub85c \ubcfc \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n

\uc554\ud638\ud654\ud3d0 \uaddc\uc81c\uc758 \uc804\ud658\uc810<\/h2>\n

SEC\uc758 2025\ub144 5\uc6d4 \uac00\uc774\ub4dc\ub77c\uc778\uc740 \ud2b9\uc815 \ud504\ub85c\ud1a0\ucf5c \uc2a4\ud14c\uc774\ud0b9 \ud65c\ub3d9\uc5d0 \ub300\ud574 SEC\uac00 \uc77c\ubd80 \ud615\ud0dc\uc758 \uc2a4\ud14c\uc774\ud0b9\uc774 \uc99d\uad8c \uac70\ub798\uc758 \uc815\uc758\uc5d0\uc11c \ubc97\uc5b4\ub0a0 \uc218 \uc788\uc74c\uc744 \uacf5\uac1c\uc801\uc73c\ub85c \uc778\uc815\ud55c \uccab \ubc88\uc9f8 \uc0ac\ub840<\/strong>\uc785\ub2c8\ub2e4. \uc774\ub97c \ud1b5\ud574 \ube14\ub85d\uccb4\uc778 \ud569\uc758\uc5d0 \uae30\uc5ec\ud558\ub294 \uac83\uc774 \u2014 \ud2b9\ud788 \ube44\uc218\ud0c1\ud615 \ub610\ub294 \ud504\ub85c\ud1a0\ucf5c \ub124\uc774\ud2f0\ube0c \ubc29\uc2dd\uc73c\ub85c \u2014 \uc99d\uad8c \ub4f1\ub85d\uc744 \uc694\uad6c\ud558\uc9c0 \uc54a\uc744 \uc218 \uc788\ub2e4\ub294 \uc2e0\ud638\ub97c \uc81c\uacf5\ud558\uac8c \ub418\uc5c8\uc2b5\ub2c8\ub2e4. \uc774\ub294 \uc911\ub300\ud55c \ubcc0\ud654\uc785\ub2c8\ub2e4. \uc2a4\ud14c\uc774\ud0b9\uc774 \ud22c\uae30\uc801 \ud22c\uc790 \ub300\uc2e0 \uc778\ud504\ub77c \ucc38\uc5ec\ub85c \uc815\ub2f9\ud558\uac8c \uc778\uc2dd\ub41c\ub2e4\uba74, \ubbf8\uad6d\uc740 \ubcf4\ub2e4 \ubbf8\ubb18\ud55c \uc811\uadfc\uc744 \ucde8\ud558\ub294 \ub2e4\ub978 \uad00\ud560\uad8c\uacfc \uc77c\uce58\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n

\n

“\uc2a4\ud14c\uc774\ud0b9\uc774 \ud22c\uae30\uc801 \ud22c\uc790 \ub300\uc2e0 \uc778\ud504\ub77c \ucc38\uc5ec\ub85c \uc815\ub2f9\ud558\uac8c \uc778\uc2dd\ub41c\ub2e4\uba74, \ubbf8\uad6d\uc740 \ubcf4\ub2e4 \ubbf8\ubb18\ud55c \uc811\uadfc\uc744 \ucde8\ud558\ub294 \ub2e4\ub978 \uad00\ud560\uad8c\uacfc \uc77c\uce58\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.”<\/p>\n<\/blockquote>\n

\ud575\uc2ec \ubb38\uc81c\ub294 \ubc95\uc801 Howey \ud14c\uc2a4\ud2b8\uc758 \uc801\uc6a9\uc785\ub2c8\ub2e4. \uc218\ub144 \uac04 \ube44\ud310\uc790\ub4e4\uc740 \uc2a4\ud14c\uc774\ud0b9\uc774 \ubcf8\uc9c8\uc801\uc73c\ub85c “\uae30\ud0c0\uc758 \ub178\ub825\uc73c\ub85c\ubd80\ud130\uc758 \uc774\uc775 \uae30\ub300\ub97c \uac00\uc9c4 \uacf5\ub3d9 \uc0ac\uc5c5\uc5d0 \ub300\ud55c \uc790\uae08 \ud22c\uc790”<\/strong>\ub97c \ud3ec\ud568\ud55c\ub2e4\uace0 \uc8fc\uc7a5\ud574 \uc654\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \ub9ce\uc740 \uc9c0\ubd84 \uc99d\uba85 \uba54\ucee4\ub2c8\uc998\uc740 \uc218\ud0c1, \ud480\ub9c1 \ub610\ub294 \uc131\uacfc \uc57d\uc18d \uc5c6\uc774 \uc6b4\uc601\ub429\ub2c8\ub2e4. \ud1a0\ud070 \ubcf4\uc720\uc790\ub4e4\uc774 \uac80\uc99d\uc778\uc5d0\uac8c \uc704\uc784\ud560 \ub54c, \uadf8\ub4e4\uc740 \ub124\ud2b8\uc6cc\ud06c\ub97c \uc548\uc804\ud558\uac8c \uc720\uc9c0\ud558\ub294 \ub370 \uae30\uc5ec\ud558\uc9c0\ub9cc \uc774\uc775\uc744 \uc704\ud55c \uacc4\uc57d\uc5d0 \ucc38\uc5ec\ud558\ub294 \uac83\uc740 \uc544\ub2d9\ub2c8\ub2e4.<\/p>\n

\uc774\ub294 \ub2e8\uc21c\ud55c \uc774\ub860\uc801 \uad6c\ubd84\uc774 \uc544\ub2d9\ub2c8\ub2e4. \ud504\ub85c\ud1a0\ucf5c \uc2a4\ud14c\uc774\ud0b9\uc744 \uc99d\uad8c \uac70\ub798\ub85c \uac04\uc8fc\ud560 \uacbd\uc6b0, \uad11\ubc94\uc704\ud55c \uaddc\uc81c \uc900\uc218 \ubd80\ub2f4\uc774 \ubd80\uacfc\ub429\ub2c8\ub2e4: \ub4f1\ub85d, \uacf5\uac1c, \uc218\ud0c1 \uc694\uad6c\uc0ac\ud56d \ubc0f \uc804\ud1b5\uc801\uc778 \uae08\uc735 \uc0c1\ud488\uc744 \uc704\ud574 \uc124\uacc4\ub41c \uc0ac\uae30 \ubc29\uc9c0 \uc758\ubb34\uac00 \ud3ec\ud568\ub429\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uaddc\uce59\uc774 \uc624\ud508 \uc18c\uc2a4 \ube14\ub85d\uccb4\uc778 \uc778\ud504\ub77c\uc5d0 \uc801\uc6a9\ub41c\ub2e4\uba74, \uac80\uc99d\uc778 \ud65c\ub3d9\uc740 \ucd95\uc18c\ub418\uace0 \ud601\uc2e0\uc740 \ud574\uc678\ub85c \uc720\ucd9c\ub420 \uac00\ub2a5\uc131\uc774 \ud07d\ub2c8\ub2e4.<\/p>\n

\uc2a4\ud14c\uc774\ud0b9\uc740 \ud504\ub85c\ud1a0\ucf5c \uc218\uc900\uc758 \uc774\ud574\ubd80\ud130 \uc2dc\uc791\ub41c\ub2e4<\/h2>\n

\ubcf4\ub2e4 \uc815\uad50\ud55c \uaddc\uc81c \uc774\ud574\ub97c \uac00\ub2a5\ud558\uac8c \ud55c \uc774\uc720\ub294 \ub2e8\uc21c\ud55c \ubc95\ub9ac\uc801 \uc774\ub860\uc774 \uc544\ub2cc \uae30\uc220\uc801 \uc124\uba85<\/strong>\uc785\ub2c8\ub2e4. \uaddc\uc81c\ub2f9\uad6d\uacfc \uc0b0\uc5c5 \uac04\uc758 \ud6a8\uacfc\uc801\uc778 \ub300\ud654\ub294 \ubc95\uc801 \uc11c\ub958 \uc81c\ucd9c \uc774\uc0c1\uc758 \uac83\uc744 \uc694\uad6c\ud569\ub2c8\ub2e4. \uc774\ub294 \uc5d4\uc9c0\ub2c8\uc5b4, \uac1c\ubc1c\uc790 \ubc0f \uc778\ud504\ub77c \uc6b4\uc601\uc790\uc640 \ud568\uaed8 \uac80\uc99d\uc778 \uc6b4\uc601, \uc2a4\ud14c\uc774\ud0b9 \uba54\ucee4\ub2c8\uc998 \ubc0f \ud504\ub85c\ud1a0\ucf5c \uc218\uc900\uc758 \uc124\uacc4\ub97c \uba74\ubc00\ud788 \uc0b4\ud3b4\ubcf4\ub294 \uac83\uc744 \uc694\uad6c\ud569\ub2c8\ub2e4. \uaddc\uc81c\uac00 \ubcc0\ud638\uc0ac \ubc0f \uc2dc\uc2a4\ud15c \uad6c\ucd95\uc790\uc640 \uad50\ub958\ud560 \ub54c, \uc815\ucc45\uc740 \ud604\uc2e4 \uc138\uacc4\uc5d0 \uae30\ubc18\ud55c \uc774\ud574\uc5d0 \ubc14\ud0d5\uc744 \ub450\uac8c \ub429\ub2c8\ub2e4. SEC\uc758 \ucd5c\uc2e0 \ubc1c\uc5b8\uc740 \uc774\ub7ec\ud55c \uc815\ubcf4 \uae30\ubc18\uc758 \ud611\ub825\uc801 \ucc38\uc5ec\ub97c \ubc18\uc601\ud569\ub2c8\ub2e4.<\/p>\n

\uc774 \uc131\uba85\uc740 \uc2a4\ud14c\uc774\ud0b9\uacfc \uc720\ub3d9\uc131 \ubcf4\uc7a5 \ub610\ub294 \uc774\uc775 \ubcf4\uc7a5\uc744 \ud63c\ud569\ud558\ub294 \ud50c\ub7ab\ud3fc\uc5d0 \ub300\ud55c \uc9d1\ud589 \uc704\ud5d8\uc744 \uc5c6\uc560\uc9c0\ub294 \uc54a\uc9c0\ub9cc, \uae30\uc220\uc801 \ud604\uc2e4\uc744 \uace0\ub824\ud558\ub824\ub294 \uc758\uc9c0\ub97c<\/strong> \ubcf4\uc5ec\uc8fc\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n

\ucee4\ubbf8\uc154\ub108 Hester Peirce\ub294 SEC\uac00 \ube14\ub85d\uccb4\uc778 \uc11c\ube44\uc2a4\ub97c \uc2e4\uc81c \uc124\uacc4\uc5d0 \ub530\ub77c \ud3c9\uac00\ud574 \uc904 \uac83\uc744 \uc624\ub798\uc804\ubd80\ud130 \ucd09\uad6c\ud574 \uc654\uc2b5\ub2c8\ub2e4. \uadf8 \uacac\ud574\uc5d0 \ub530\ub974\uba74, \uae30\uad00\uc758 \uc0c8\ub85c\uc6b4 \uac00\uc774\ub4dc\ub294 \ubaa8\ub4e0 \uc2a4\ud14c\uc774\ud0b9 \ubaa8\ub378\uc774 \ubc18\ub4dc\uc2dc “\uc81c\uacf5\uc790”, “\ubc1c\ud589\uc790” \ub610\ub294 \uc774\uc775\uc758 \uc57d\uc18d\uc744 \ud3ec\ud568\ud558\uc9c0 \uc54a\uc544\ub3c4 \ub41c\ub2e4\ub294 \uc810\uc744 \uc554\ubb35\uc801\uc73c\ub85c \uc778\uc815\ud558\uac8c \ub429\ub2c8\ub2e4.<\/p>\n

\n

“SEC\uac00 \ube14\ub85d\uccb4\uc778 \uc11c\ube44\uc2a4\ub97c \uc2e4\uc81c \uc124\uacc4\uc5d0 \ub530\ub77c \ud3c9\uac00\ud574 \uc904 \uac83\uc744 \ucd09\uad6c\ud55c\ub2e4.”<\/p>\n<\/blockquote>\n

\uc774\ub7ec\ud55c \ubcc0\ud654\ub294 \uac1c\ubc1c\uc790\ub4e4\uc774 \uc801\uc808\ud788 \uad6c\ud604\ub41c \uacbd\uc6b0\uc5d0 \ub124\ud2b8\uc6cc\ud06c \ubcf4\uc548\uc744 \uc9c0\uc6d0\ud558\ub294 \uc2dc\uc2a4\ud15c\uc744 \uad6c\ucd95\ud560 \uc218 \uc788\ub3c4\ub85d \ud5c8\uc6a9\ud560 \uac83\uc785\ub2c8\ub2e4.<\/p>\n

\ud68c\uc758\ub860\uc790\ub4e4\uc758 \uc8fc\uc7a5\uacfc \uadf8\uc5d0 \ub300\ud55c \ubc18\ub860<\/h2>\n

\ud68c\uc758\ub860\uc790\ub4e4\uc740 \ubaa8\ub4e0 \ud1a0\ud070 \uae30\ubc18 \ubcf4\uc0c1 \uba54\ucee4\ub2c8\uc998\uc774 \ubcf8\uc9c8\uc801\uc73c\ub85c \uc7ac\uc815\uc801 \uc218\uc775\uc774\ub77c\uace0 \uc8fc\uc7a5\ud569\ub2c8\ub2e4. \uc774\ub294 \ube14\ub85d\uccb4\uc778 \ud504\ub85c\ud1a0\ucf5c\uc758 \ub2e4\uc591\uc131\uc744 \ubb34\uc2dc\ud558\ub294 \uac83\uc774\uae30\ub3c4 \ud569\ub2c8\ub2e4. \uc885\uc885 \uc2a4\ud14c\uc774\ud0b9 \ubcf4\uc0c1\uc740 \ub124\ud2b8\uc6cc\ud06c \ucc38\uc5ec\uc640 \uad00\ub828\ub41c \ud504\ub85c\ud1a0\ucf5c\uc5d0\uc11c \uc815\uc758\ub41c \ubc30\ucd9c\ub7c9\uc73c\ub85c, \uc911\uc559 \uc9d1\uc911\uc2dd \uc8fc\uccb4\uc758 \uc7ac\ub7c9\uc5d0 \uc758\ud55c \uc9c0\uae09\uc774 \uc544\ub2d9\ub2c8\ub2e4.<\/p>\n

\uc774\ub294 \ub2e8\uc21c\ud55c \uc758\ubbf8\uc758 \ubb38\uc81c\uac00<\/strong> \uc544\ub2d9\ub2c8\ub2e4 \u2014 \uc774\ub294 \ubd84\uc0b0 \uc778\ud504\ub77c\uac00 \uc791\ub3d9\ud558\ub294 \ubc29\uc2dd\uc758 \uae30\ubc18\uc785\ub2c8\ub2e4. \uadf8\ub7f0 \uc2dc\uc2a4\ud15c\uc5d0 \uc77c\ub960\uc801\uc778 \uc99d\uad8c\ubc95\uc744 \uc801\uc6a9\ud558\ub294 \uac83\uc740 \uc778\uc13c\ud2f0\ube0c \uc65c\uace1, \uac1c\ubc1c\uc790 \uacfc\ub3c4 \uaddc\uc81c \ubc0f \ubbf8\uad6d\uc774 \ube14\ub85d\uccb4\uc778 \uc778\uc7ac\uc758 \uae00\ub85c\ubc8c \uacbd\uc7c1\uc5d0\uc11c \ub4a4\ucc98\uc9c0\ub3c4\ub85d \ub9cc\ub4dc\ub294 \uc704\ud5d8\uc744 \ucd08\ub798\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n

\ud611\uc5c5\uc744 \ud1b5\ud55c \uc2a4\ub9c8\ud2b8\ud55c \uc815\ucc45 \uad6c\ucd95<\/h2>\n

\ub354 \ub098\uc740 \uaddc\uc81c\ub294 \ud56d\uc0c1 \uc644\uc804\ud788 \uc0c8\ub85c\uc6b4 \ubc95\ub960\uc744 \ub9cc\ub4dc\ub294 \uac83\uc744 \uc758\ubbf8\ud558\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4. \uc774\ub294 \uae30\ubcf8 \uae30\uc220\uc5d0 \ub300\ud55c \uc644\uc804\ud55c \uc774\ud574\uc640 \uae30\uc874\uc758 \ud504\ub808\uc784\uc6cc\ud06c\ub97c \ud574\uc11d\ud558\ub294 \uac83\uc744 \uc758\ubbf8\ud569\ub2c8\ub2e4. \uc5ec\uae30\uc5d0\ub294 \ube44\uc218\ud0c1\ud615 \uc2a4\ud14c\uc774\ud0b9\uacfc \uac19\uc740 \ud2b9\uc815 \ud65c\ub3d9\uc774 \uc99d\uad8c \uac70\ub798\uc758 \uae30\uc900\uc744 \ucda9\uc871\ud558\uc9c0 \uc54a\ub294 \uacbd\uc6b0\ub97c \uc778\uc2dd\ud558\ub294 \uac83\uc774 \ud3ec\ud568\ub429\ub2c8\ub2e4.<\/p>\n

SEC\uc758 \uc131\uba85\uc740 \ud3ec\uad04\uc801\uc778 \uc548\uc804\uc9c0\ub300\ub97c \uc81c\uacf5\ud558\ub294 \uac83\uc740 \uc544\ub2c8\uc9c0\ub9cc, \uc774\ub294 \uae30\uc220 \uc804\ubb38\uc131\uc774 \ubc18\uc601\ub41c \ucc38\uc5ec<\/strong>\uac00 \uc774\ub8e8\uc5b4\uc9c0\uace0 \uc788\uc74c\uc744 \uc554\uc2dc\ud569\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uc811\uadfc\uc740 \ub2e8\uc21c\ud788 \uc88b\uc740 \uc815\ucc45\uc77c \ubfd0\ub9cc \uc544\ub2c8\ub77c \ud601\uc2e0\uc774 \ubfcc\ub9ac\ub0b4\ub9ac\ub294 \ubc29\uc2dd\uc774\uae30\ub3c4 \ud569\ub2c8\ub2e4.<\/p>\n

\uc778\ud130\ub137 \uc2dc\ub300\uc640 \ub9c8\ucc2c\uac00\uc9c0\ub85c, \uc554\ud638\ud654\ud3d0\ub3c4 \uc8fc\ubcc0\uc5d0\uc11c \ucd5c\uc804\uc120\uc73c\ub85c, \uadf8\ub9ac\uace0 \uce5c\uc219\ud55c \uac83\uc73c\ub85c \ubc1c\uc804\ud560 \uac83\uc785\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \uaddc\uc81c\uc790\ub4e4\uc774 \ube14\ub85d\uccb4\uc778 \uc2dc\uc2a4\ud15c\uc774 \uc2e4\uc81c\ub85c \uc5b4\ub5bb\uac8c \uc791\ub3d9\ud558\ub294\uc9c0\ub97c \uc774\ud574\ud558\ub294 \ub370 \uc2dc\uac04\uc744 \ud22c\uc790\ud574\uc57c\ub9cc<\/strong> \uc774\ub7ec\ud55c \ubc1c\uc804\uc774 \uac00\ub2a5\ud560 \uac83\uc785\ub2c8\ub2e4.<\/p>\n

\uc774 \uae30\uc0ac\ub294 \uc77c\ubc18 \uc815\ubcf4 \uc81c\uacf5\uc744 \uc704\ud55c \uac83\uc774\uba70 \ubc95\uc801 \ub610\ub294 \ud22c\uc790 \uc870\uc5b8\uc73c\ub85c \uac04\uc8fc\ub418\uac70\ub098 \ubc1b\uc544\ub4e4\uc5ec\uc838\uc11c\ub294 \uc548 \ub429\ub2c8\ub2e4. \uc5ec\uae30\uc11c \ud45c\ud604\ub41c \uacac\ud574, \uc0dd\uac01 \ubc0f \uc758\uacac\uc740 \uc800\uc790 \uac1c\uc778\uc758 \uac83\uc774\uba70 Cointelegraph\uc758 \uacac\ud574\ub098 \uc758\uacac\uc744 \ubc18\ub4dc\uc2dc \ubc18\uc601\ud558\uac70\ub098 \ub300\ud45c\ud558\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"

1990\ub144\ub300 \ud6c4\ubc18\uc758 \uc778\ud130\ub137\uacfc \uc554\ud638\ud654\ud3d0\uc758 \uc5ec\uba85\uae30 1990\ub144\ub300 \ud6c4\ubc18 \uc778\ud130\ub137\uc758 \uc5ec\uba85\uae30, \uae30\uc220\uc740 \uaddc\uc81c\ub97c \ucd08\uc6d4\ud558\uc600\uace0, \ubcc0\ud638\uc0ac, \uc5d4\uc9c0\ub2c8\uc5b4 \ubc0f \uc815\ucc45 \uc785\uc548\uc790\ub4e4\uc740 \uc2e4\uc2dc\uac04\uc73c\ub85c \ud568\uaed8 \ubc30\uc6cc \ub098\uac00\uc57c \ud588\uc2b5\ub2c8\ub2e4. \uc77c\ubd80 \uaddc\uc81c \ub2f9\uad6d\uc740 \uc778\ud130\ub137\uc744 \uc704\ud611\uc73c\ub85c \uc5ec\uacbc\uace0, \ub2e4\ub978 \uc774\ub4e4\uc740 \uadf8\uac83\uc744 \ub3c4\uc804\uc73c\ub85c \uc778\uc2dd\ud588\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \uac00\uc7a5 \ud070 \ubcc0\ud654\ub97c \uc774\ub8e8\uc5b4\ub0b8 \uac83\uc740 \ubc14\ub85c \uae30\uc220\uc774 \uc791\ub3d9\ud558\ub294 \ubc29\uc2dd\uc5d0 \uc9c1\uc811 \ucc38\uc5ec\ud558\ub824\uace0 \ud588\ub358 \uc774\ub4e4\uc774\uc5c8\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \ucc38\uc5ec \ub355\ubd84…<\/p>\n","protected":false},"author":3,"featured_media":10054,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[5267,4217,4361,4204],"class_list":["post-10055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal","tag-hester-peirce","tag-legal","tag-sec","tag-usa"],"yoast_head":"\nSEC\uc758 \uc2a4\ud14c\uc774\ud0b9 \uac00\uc774\ub4dc\ub77c\uc778 \ubcc0\ud654\ub294 \uae30\uc220\uc801\uc73c\ub85c \ubc1c\uc804\ub41c \uaddc\uc81c\uc758 \ubaa8\uc2b5\uc774\ub2e4 - CryptoZen<\/title>\n<meta name=\"description\" content=\"SEC\uc758 \uc0c8\ub85c\uc6b4 \uc2a4\ud14c\uc774\ud0b9 \uac00\uc774\ub4dc\ub77c\uc778\uc740 \ub2e4\uc591\ud55c \uc2a4\ud14c\uc774\ud0b9 \ud65c\ub3d9\uc744 \uc778\uc2dd\ud558\ub294 \ub370 \uc788\uc5b4 \uc911\uc694\ud55c \uc804\ud658\uc810\uc744 \ub098\ud0c0\ub0b4\uba70, \ud22c\uc790\uc640 \ub124\ud2b8\uc6cc\ud06c 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