Not exact matches
If regulators recognize (and put out clear guidance) on the distinction between tokens that have passive income streams associated which rely solely on the work
of highly centralized parties as security tokens and tokens that give holders the right to use an
existing digital service or contribute work to an
existing decentralized organization as non-security tokens, the democratization
of ownership of non-security
assets will continue.
The general position is that, if the beneficial
ownership of an
asset is in dispute (whether the
asset in question is owned by one
of the parties alone or by the parties jointly), the issue is resolved by reference to long established principles
of trust law and, in particular, an investigation into the extent to which a trust can be found to
exist.
Digital
assets simply put are data that
exist in form
of binary files, these
assets can be seen as those tangible things we often claim
ownership and control over the value.
In order to identify
ownership of cryptocurrency
assets, the OFAC will use
existing tools, as well as data from law enforcement agencies, secret information from intelligence services and public data.
An exception
exists if you muddied the waters
of your separate
ownership, such as if you titled a particular
asset in joint names or deposited your separate money into a joint marital account.