The Chamber of Digital Commerce’s Token Alliance is releasing a report that outlines comprehensive guidelines for the token ecosystem and for ICOs, a major issue for the cryptocurrency industry. “Understanding Digital Tokens: Market Overviews & Guidelines for Policymakers & Practitioners”, begins to arm the industry with the proper tools and frameworks to support a self-regulatory approach for the potential multi-trillion dollar industry. It hits on a number of points:
- Answers big questions: Addresses one of the biggest issues for the industry – when is a token not a security and how should “utility” or “non-security” tokens be governed? An emerging aspect of the token economy that is fighting to be recognized
- 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.
Co-Chaired by Paul Atkins (frm SEC Commissioner) and Jim Newsome (frm CFTC Chair), participants include token and blockchain experts, technologists, economists, former regulators and practitioners for over 20 law firms. This is the most widely subscribed token governance project that has ever been developed in the industry.