is a number that can have the following values:
prohibited (1), when crypto is officialy prohibited you can obviously not run an ICO.
mostly unfavorable (2), officially discouraged to invest in crypto or no ICO ever run in that country.
mostly favorable (3), when there is no official warning nor ICO law in that country.
favorable (4), no law (but may be pending) but crypto and ICO are executed in that country
legalized (5) are for country with clearly defined ICO / crypto laws.
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Recipient should not act upon this information without seeking advice from a lawyer licensed in his/her own state or country.
Utility tokens, also called user tokens or app coins, represent future access to a company’s product or service. The defining characteristic of utility tokens is that they are not designed as investments; if properly structured, this feature exempts utility tokens them from federal laws governing securities.
If a crypto token derives its value from an external, tradable asset, it is classified as a security token and becomes subject to federal securities regulations. Failure to abide by these regulations could result in costly penalties and could threaten to derail a project. However, if a startup meets all its regulatory obligations, the security token classification creates the potential for a wide variety of applications, the most promising of which is the ability to issue tokens that represent shares of company stock.
They are token to exchange/store unit of values and facilitate payments.
Also name cryptocurrency is a form of digital currency, where encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds.