Legal Frameworks for Web3

Abstract

Here, we embark on a comparative analysis of token definitions as articulated by leading financial regulatory bodies across the globe. The chosen regulators represent the financial epicentres of the modern world – entities that not only influence global financial trends but also signal the regulatory future of burgeoning technologies. This section underscores the importance of understanding token definitions, given their critical role in determining the scope of regulation, compliance requirements and the overarching legal treatment of digital assets.