It's not yet clear
how utility tokens will be regulated.
Not exact matches
In July, the Securities and Exchange Commission warned investors about «improper» ICO schemes and issued rules on
how startups can decide whether or not they are selling securities or
utility tokens.
As cryptocurrencies continue to evolve and gain mainstream attention, questions continue to mount around
how these
tokens will revolutionize the economy and gain
utility.
In fact, many see the Munchee administrative order, which determined the issuer had sold unregistered securities (even though the
token was to be used for
utility on a platform in the future), as an example of
how the SEC would view
token issuers.
Learn
how tokens are designed and
how to give them
utility value, learn
how they are marketed and platforms they are executed on and the legal aspects and much more!
The release seemed to affirm Canada will take a similar approach to the U.S. by establishing a distinction between so - called «securities
tokens» and «
utility tokens,» as it seeks to determine
how to capture the sale of such tools for blockchain project fundraising.
Together, Gupta and her chosen startups will work out
how a
token model applies to their companies and what unique
utilities a
token could add.
It's very exciting that Wyoming is the first state to define what a
utility token is, setting an example of
how this could become a standard under federal law.
The draft makes it clear that it's addressing
utility tokens, which is
how the lion's share of issuers characterize their digital coins as opposed to securities, with tax authority director Moshe Asher emphasizing transparency.