Understanding Digital Tokens: Market Overviews & Proposed Guidelines for Policymakers & Practitioners
The Chamber of Digital Commerce’s Token Alliance released the first edition of a comprehensive set of guidelines to help shape the responsible growth of the token and initial coin offering (ICO) markets. “Understanding Digital Tokens: Market Overviews & Guidelines for Policymakers & Practitioners” is a collaborative report to be used as a resource among industry innovators, investors and policymakers. This first installment addresses so-called “utility tokens,” an aspect of the token economy fighting to be recognized.
The report features three parts:
- Regulatory Overview: A comprehensive understanding of the regulatory environment and securities law as it relates to tokens in the United States, Canada, Australia, the United Kingdom, and Gibraltar.
- Principles and Guidelines for Utility Tokens: Industry developed principles for token sponsors and trading platforms to promote sound business practices and minimize unintentional regulatory risk.
- Token Economic Landscape: An in-depth look into the growth and evolution of the global token landscape, with economic data and statistics.