The Economist (April 28)
2018/ 05/ 01 by jd in Global News
“There is no consensus on what a crypto-asset is. Even within countries, authorities disagree on how to classify them. Are they a commodity, a currency, a security or their own, peculiar asset class?” The Swiss regulator, FINMA, took what may become a popular approach. FINMA’s treatment of crypto-assets will be based “on their actual function—ie, whether they are used for payments; as a utility token that gives its holder access to a specific service; or as an investment. This also means a token’s classification can change over time.”
Tags: Asset class, Authorities, Commodity, Consensus, Crypto-asset, Currency, FINMA, Regulator, Security, Switzerland, Treatment
