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UK FCA Regulated Crypto Domains/Categories

Labeled as poll in Niche Domain Discussion started by Levi_charlz, Aug 25, 2019.

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?

Which FCA Domain/Category do you think will be most valuable?

  1. SecurityTokens.com

  2. eMoneyTokens.com

  3. UtilityTokens.com

  4. ExchangeTokens.com

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Total: 6 vote(s)
  1. Levi_charlz

    Levi_charlz Top Member VIP

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    The FCA (UK equiv. Of SEC) finalised guidelines for crypto assets and the Recent Sale of Tokens.com for $500,000 could be positive news for ‘Tokens’ Domains.

    Which Domain/Category do you think will be most valuable?

    Security Tokens : Regulated

    Security tokens provide rights and obligations akin to specified investments Whilst a security token could conceivably take the form of many different kinds of specified investment, the most likely will be tokens akin to shares, debt instruments, warrants, certificates representing certain securities or units in collective investment schemes.

    Example; Polymath uses a system, that brings securities to their blockchain platform. As previously discussed, Polymath will create tokens, that are backed by real assets.

    eMoney Tokens : Regulated

    These tokens were previously included within the scope of utility tokens in the draft guidance, unless they satisfied the definition of security token, but have now been moved to their own category to clear any confusion as to where the line of regulation lies. This will be any token (even where its other characteristics might place it in a different category) where the definition of eMoney under the eMoney Regulations 2011 is met.
    Tokens in this category: Fiat pegged Stablecoins such as Facebooks Libra.

    Utility Tokens : Unregulated

    Cryptoassets which provide holders with access to (or future access to) products and/or services, except where they also fulfil the definition of e-money. The Guidance provides a number of examples of the types of token that will fall within and outside this category. Tokens in this category; Basic Attention Token.

    Exchange Tokens : Unregulated

    Types of cryptoassets which are usually decentralised and used primarily as a means of exchange. These include assets frequently referred to as cryptocurrencies. Tokens in this category; Bitcoin and Ethereum.
     
    Last edited: Aug 25, 2019
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  2. Levi_charlz

    Levi_charlz Top Member VIP

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  3. Levi_charlz

    Levi_charlz Top Member VIP

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  4. Levi_charlz

    Levi_charlz Top Member VIP

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  5. Levi_charlz

    Levi_charlz Top Member VIP

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  6. Levi_charlz

    Levi_charlz Top Member VIP

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  7. Levi_charlz

    Levi_charlz Top Member VIP

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  8. Levi_charlz

    Levi_charlz Top Member VIP

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    Alibaba, Tencent, Five Others To Receive First Chinese Government Cryptocurrency

    ‘What sets China’s DC/EP apart from libra and Carney’s “synthetic hegemonic currency” (SHC), according to Shulte, is that while libra is little more than early-stage computer code and the SHC doesn’t appear to have gone much further than Carney’s mind, the Chinese cryptocurrency is ready to launch. “China is barreling forward on reforms and rolling out the cryptocurrency,” says Schulte, who now runs an eponymous bank research firm. “It will be the first central bank to do so.”

    https://www.forbes.com/sites/michaeldelcastillo/2019/08/27/alibaba-tencent-five-others-to-recieve-first-chinese-government-cryptocurrency

    It looks like China is going to try to become the global leader in state-backed cryptocurrencies quickly.

    Now is it going to be a race? Or will US just hand it to China?

    Thoughts?
     
    Last edited: Aug 28, 2019
  9. Levi_charlz

    Levi_charlz Top Member VIP

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    1C4127CC-1A0E-4100-8890-7C81FD443977.gif 8EC3817C-4734-4261-8799-6A23B253E2BE.gif

    [Joint Press Release by JFSA and FCA]

    Financial regulators of Japan and UK announce Exchange of Letters on Co-operation Framework to support innovative FinTech companies

    https://www.fsa.go.jp/en/news/2017/20170309-1.html

    Japan’s Finance Regulator Reminds Crypto Sector About Revised Laws, Plans More Laws


    “On August 28, the Financial Services Agency released a (policy) document summarizing (its) policy…(regarding) crypto assets (virtual currency), (in an) efforts to familiarize (the sector with) the revised law…enacted at the end of May 2019, (a law designed to) strengthen…market trends and analysis, security audits at exchanges, and increase cooperation with overseas authorities, etc

    https://www.crowdfundinsider.com/20...pto-sector-about-revised-laws-plans-more-laws
     
  10. Levi_charlz

    Levi_charlz Top Member VIP

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    Lots of regulatory partnerships being made by the FCA. US, Canada, Australia, Japan just to mention a few.

    When the UK leaves the EU on October 31st expect some BIG Crypto announcements from the UK.
     
  11. Levi_charlz

    Levi_charlz Top Member VIP

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