Cryptocurrency Q&A
How are cryptoassets grouped in the first consultation?
How are cryptoassets grouped in the first consultation?
Raffaele
Thu Aug 29 2024
|
6 answers
1223
In the first consultation, how are cryptoassets typically categorized or grouped? Are there specific criteria or factors that practitioners consider when making these distinctions? Are there any common categories that emerge, such as utility tokens, security tokens, or stablecoins? Additionally, how do these groupings impact the legal and regulatory treatment of cryptoassets, and what implications does this have for investors and market participants?
6 answers
KpopStarletShine
Sat Aug 31 2024
The division into two main groups is a strategic move, designed to streamline the regulatory process and ensure that cryptoassets are treated appropriately.
Was this helpful?
196
48
CryptoConqueror
Sat Aug 31 2024
Group 1 encompasses those cryptoassets that can be subjected to the Basel Framework, with certain adjustments made to accommodate their unique characteristics.
Was this helpful?
93
94
TaegeukChampionCourage
Sat Aug 31 2024
This approach recognizes the evolving nature of the cryptocurrency landscape and aims to strike a balance between innovation and risk management.
Was this helpful?
334
80
Eleonora
Sat Aug 31 2024
The proposal for regulating cryptoassets in the initial consultation has retained its fundamental structure, ensuring a logical division of these digital assets.
Was this helpful?
159
23
Michele
Sat Aug 31 2024
By adapting the Basel Framework, regulators can leverage existing frameworks and expertise while accommodating the specific requirements of cryptoassets.
Was this helpful?
386
67
Load 5 more related questions
