Ep 1: 5 principles to guide policymakers
The Policy Layer
00:00
Beyond Financial Applications: Token Classification and Regulation
The chapter challenges misconceptions about blockchain and cryptocurrencies by highlighting their diverse functionalities beyond finance. It introduces a sensible token classification system for blockchain assets and delves into the regulatory implications of treating various tokens as financial instruments. Emphasizing the importance of contextual understanding in policymaking, the discussion uses examples like pet rocks to illustrate the need to regulate activities rather than the technology itself.
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