How a Potential Crypto-asset Security Classification Would Threaten to Unwind The Budding…
▻https://hackernoon.com/how-a-potential-crypto-asset-security-classification-would-threaten-to-u
How a Potential Crypto-asset Security Classification Would Threaten to Unwind The Budding Decentralized Economy (High-Level Overview)In light of recent news that U.S. regulators are reviewing crypto-assets under securities laws, it has become clear that classifying crypto-assets within the framework of traditional financial instruments has proven to be a daunting task for several regulatory bodies as well as Congress, and for good reason. Crypto-assets that function as utility tokens, or tokens representing vouchers to receive products or services employed by specific decentralized platforms, simultaneously represent characteristics of currencies, commodities, and securities alike. Think of utility tokens akin to the Dave & Busters’ Power Card, which is its company-specific voucher (...)
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