The world’s attitude toward token offerings, sales and issuances is ever-shifting. The positions of various countries range from an official recognition of no interference to a full ban on digital currencies. Many nations are pursuing changes to their regulatory policies to keep pace with broad market interest in cryptocurrencies and other digital assets. This article summarizes recent developments by lawmakers and regulatory authorities in certain key jurisdictions around the globe, including Israel, (other than the United States, which is the subject of a separate article [Payment Systems and Electronic Fund Transfers Guide 100:800]) and the related impact on the market for cryptocurrencies and other digital assets. The regulations and guidance noted in this article are applicable only with the specified jurisdiction. Consequently, global or multi-jurisdictional offerings or sales of tokens must take into account the local law of each jurisdiction in which the tokens are being offered, sold or otherwise distributed.

Click here to read the full article by GT Blockchain & Crytocurrency Practice Co-Chair Barbara Jones, originally published by Thomson Reuters Westlaw.