Read on Twitter
@andymukherjee70 makes a forceful pitch for regulating digital assets drawing upon the recent policy Paper published by @Ripple to develop digital assets ecosystem in India. Thank you Sir! https://www.bloomberg.com/opinion/articles/2020-06-22/india-needs-to-go-all-in-on-crypto-for-remittances-china-bulwark
As Andy highlights, regulatory policy around the world has moved beyond the "digital assets as currency" view, and developed nuance and a clinical taxonomy of digital assets. 2/
This is consistent with the use- case universe that continues to evolve. Taking note of that evolution, progressive regulators appear to be converging on a "three bucket taxonomy", as I will presently summarize- 3 /
1. Payment / exchange token, 2. Security token, 3. Utility token.
( will add to this thread through the day and close it. But for #financetwitter in India, this promises to be an interesting discussion)
