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Saturday, October 23, 2021
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Token Alliance Issues First Edition of Comprehensive Set of Guidelines for the Token Ecosystem

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.

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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