Hey there! I had a look on the one pager / teaser you posted. And have several questions. I'd like to start with the most challenging one. Given all this SEC / MAS statements regarding the security status of some tokens, what would be your take on this matter? I've seen that you excluded US and Singapore persons.
[/quoteThe SECs statement came as no surprise to us. We always knew that the SEC and other regulators will treat tokens as securities; the day they would economically execute the same rights and obligations as other types of traditional securities. Let's not forget that not all tokens are securities. In fact the crypto-token is more a method used to structure a contract or an agreement then anything else. There can be many different types of contracts/agreements, for example, on delivery of services, products, providing work, charity or becoming a private club member. These are only a few examples of what a token can represent. They can also can be a security. And if it's a security then all related parties shall comply with according regulations. However it all depends on who is "behind" each token, thus each case should be reviewed separately.
[/quoteThe SECs statement came as no surprise to us. We always knew that the SEC and other regulators will treat tokens as securities; the day they would economically execute the same rights and obligations as other types of traditional securities. Let's not forget that not all tokens are securities. In fact the crypto-token is more a method used to structure a contract or an agreement then anything else. There can be many different types of contracts/agreements, for example, on delivery of services, products, providing work, charity or becoming a private club member. These are only a few examples of what a token can represent. They can also can be a security. And if it's a security then all related parties shall comply with according regulations. However it all depends on who is "behind" each token, thus each case should be reviewed separately.
