Swiss FINMA classifies tokens into three categories: payment tokens, utility tokens, and asset tokens.
A utility Data Token that does not grant rights to a financial underlying is a utility token not subject to the Stock Exchange Act (LBVM).
Switzerland has historically been favorable to blockchain innovation (Crypto Valley). Liechtenstein, with the Token and Trusted Technology Service Provider Act (TVTG), offers an even more flexible framework by recognizing the “token as a container” for rights of any kind.
Our analysis using Steelldy Reg 3.8 (regulatory flow graphs) shows that Swiss and Liechtenstein authorities have authorized similar data tokens. The probability of reclassification there is below 15%.
1. Demand Megatrends FTSE Russell identifies two megatrends: AI and the energy transition. We quantify…
The immediate context involves an analysis of the New Zealand discretionary trust, Trust O|...|, focusing…
https://www.steelldy-indices.com This week, Mike Roy reviewed two important ratio charts that help understand gold's position…
www.steelldy-indices.com The Swiss Federal Tribunal's jurisprudence on foreign trusts evolved in two phases. Pre-2007, trusts…
The European Central Bank (@ecb ) exerts a dominant and stabilizing influence on eurozone sovereign…
https://www.steelldy-indices.com The morning fixing of the 30-year French OAT yield at 4.6926% marks a "phase…