When a manufactured home is exempt from registration, it may be difficult for a licensee to ascertain whether the home is actually a manufactured home. (recbc.ca)
In a JCO, «tokens» representing ownership of shares of capital stock would be tracked on a distributed ledger or blockchain (Tokens) and would be sold pursuant to a registration statement filed under the Securities Act or a transaction which is exempt from registration under the Securities Act pursuant to Rule 251 under the Securities Act (i.e. Regulation A +). (the-blockchain.com)
Businesses that merely perform payment processing services for a merchant are exempt from registration with FinCEN, even though they otherwise fit the definition of a money transmitter. (coindesk.com)