Industry experts and regulators have begun to adopt a more gradated stance in relation to initial coin offerings (ICOs), suggesting that the payments aspects of tokens could be considered and regulated separately from those used for other purposes.
Speaking at London’s Westminster Business Forum on fintech on Thursday, Ioana Surpateanu, director of government affairs at Citi, argued in favour of Switzerland’s approach to ICOs as a workable progressive model.
“If I think specifically about the Swiss model, which is a more advanced one, they’ve actually segmented tokens into payment tokens, utility tokens and investment tokens, and they’ve also combined this segmentation with the lifecycle of a token,” she said.
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