The USA and Switzerland became the first countries to initiate the legitimization of tokens. It is up to them that today we know the difference between security and utility tokens. Despite the fact that no law defines these concepts, each jurisdiction already has its own rules regarding security tokens’ issuance. Experts from consulting company Platinum have examined the American legislation and share their insights on SEC regulation, common pitfalls and secret paths.
2018 can be considered as the year when crypto industry matured. The US Securities Exchange Commission (SEC) started investigating crypto companies on the nature of their tokens.