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1As a precondition to listing, certain exchanges require that Ravencoin provide a memorandum from legal counsel explaining why RVN is not a security under U.S. securities laws. Since Ravencoin is a decentralized network, with no central organization to fund and retain counsel to draft the memorandum, this process has proven difficult, so a community volunteer who is a lawyer has written the article linked below: https://docs.google.com/document/d/1Se_GqusXcobgdVGwa8x55oQjJfTFHkHUQTxuqPcOmbA/edit?usp=sharing
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