As you may know, today the UK Financial Conduct Authority published its final guidance on crypto assets, defining what tokens come under its jurisdiction, classifying what it considers the 3 main types of tokens: Security, E-Money and Unregulated tokens.
In response to the report, a number of experts in the space have provided their insights, which can be seen below.
Dov Gertzulin's DG Capital has had a rough start to the year. According to a copy of the firm's second-quarter investor update, which highlights the performance figures for its two main strategies, the flagship value strategy and the concentrated strategy, during the first half of 2022, both funds have underperformed their benchmarks this year. The Read More
Aries Wang, CEO, and Co-Founder of Bibox, the AI-enhanced, encrypted digital asset exchange, said,
“In an ideal scenario, all firms dealing with crypto assets should be enforcing a degree of self-regulation, however, a defined regulatory perimeter for those involved with the issuance, creation or trading of crypto assets will help to keep the industry in line. The FCA is by no means driving regulatory change but as an influential force in the European market, we foresee the typology and guidance being rolled out as an industry standard.
The paper critiques a supposed inherent intention to remove token holder rights in the case of what the FCA categorizes as “exchange tokens”, the umbrella term for crypt