The game uses both credits and
tokens as its form of currency.
Not exact matches
In particular, a lot
of attention has been focused on whether
tokens should qualify
as a
form of security, a virtual
currency or
as an asset more relatable to property or commodities.
This functions
as a
token which can be traded on the Ethereum blockchain and changes the status
of the artwork to a
form of currency — or a representation
of itself — which circles back to the initial question
of embodiment: are the works in fact the works?
The SEC teamed up with CFTC to issue a joint statement on Friday, saying: «When market participants engage in fraud under the guise
of offering digital instruments — whether characterized
as virtual
currencies, coins,
tokens, or the like — the SEC and the CFTC will look beyond
form, examine the substance
of the activity and prosecute violations
of the federal securities and commodities laws.»
«When market participants engage in fraud under the guise
of offering digital instruments — whether characterized
as virtual
currencies, coins,
tokens, or the like — the SEC and the CFTC will look beyond
form, examine the substance
of the activity and prosecute violations
of the federal securities and commodities laws,» it said.
Jibrel Network, a decentralized protocol for storing and transacting traditional financial assets on the ethereum blockchain, announced on Wednesday it has launched jCash, which is described
as Jibrel's first release
of tokenized financial assets, providing fiat
currencies in the
form of ERC - 20
tokens.