Brazil Central Bank Adopts IMF guidelines for Crypto Classification
https://cointelegraph.com/news/brazil-central-bank-adopts-imf-guidelines-for-crypto-classification
IMF Crypto Classifications
https://www.imf.org/external/pubs/ft/bop/2019/pdf/Clarification0422.pdf
Crypto assets are categorized into two types: (i) BLCAs and (ii) crypto assets other than BLCAs (digital tokens).
Digital tokens can be classified into four types depending on their underlying economic function, as follows
a)
Payment tokens: those intended to become BLCAs and to be used universally (i.e., not restricted to a specific platform) as units of account, store of value, and means of payment (e.g., Litecoin).
b)
Utility tokens: those designed to provide the holders future access to services by means of a DLT-based application. Examples of such applications are those for file storage, social messaging, and trading (e.g., Ether, Binance coin, and Filecoin12)
c)
Asset tokens: those representing debt or equity claims on the issuer. They generate interest to the holder or promise a share in the future earnings of the company, respectively.
d)
Hybrid tokens: those that are part utility and part asset or payment token