CTF Written Submission

Subject: Recommendation on Governance for Private Blockchain Operations

Sept. 23, 2025
  • Private blockchains operated by companies should be governed by internal corporate structures (e.g., boards), ensuring accountability and operational continuity.
  • Coins used within private blockchains for governance and utility purposes should not be classified as securities if not offered to institutional investors or traded on public exchanges.
  • Transparent transaction visibility on private blockchains can reduce the need for external regulatory oversight while maintaining stakeholder trust.

Last Reviewed or Updated: Sept. 24, 2025