1. Truth or Dare
Cryptocurrencies
Realities of ICOs
Risk & Opportunities
|
Compliance and Regulation
Yobie Benjamin
CTO – Token.io

2. “The technology behind these
assets—including blockchain—is an
exciting advancement that could help
revolutionize fields beyond finance. It
could, for example, power financial
inclusion by providing new, low-cost
payment methods to those who lack
bank accounts and in the process
empower millions in low-income
countries.The same reason crypto-assets—or
what some people call crypto-
currencies—are so appealing is also
what makes them dangerous. These
digital offerings are typically built in a
decentralized way and without the
need for a central bank. This gives
crypto-asset transactions an element
of anonymity, much like cash
transactions.
The result is a potentially major new
vehicle for money laundering and the
financing of terrorism.”
Global Regulatory Perspectives
point to more regulation… not less
Madame Christine Lagarde
IMF President

3. The Good

5. The Bad

6. It’s not only a matter of money laundering or terrorism. It’s about
hundreds of “ICOs” that trivializes the power and good of
blockchain technologies and cryptocurrencies.

7. The Very Bad

9. The consensus that matters is
the consensus of civil society

10. The Risky?
Total Daily Market Crypto Liquidity
$10B – $15B
Certain Single Bank Total Market Liquidity
$3T – $9T/day or $125Q/year

11. Global regulation is inevitable. Fighting regulation is a battle that
cannot be won unless we dismantle the institutions of civil society:
No central banks, no banks, no national currencies,
no monetary policy and regulation.

12. Why Security Tokens?
Tokens are properly classified as securities because they are
sold to investors as an instrument that is expected to gain in
value.
True that a token can be both a “utility” token and a “security”
token.
LoyalCoin is the best example of a perfect utility token.
It is based on a proven business model and has the opportunity
to globalize loyalty. Think Aeroplan (Canada) who has
succeeded but only in Canada.
From a regulatory perspective, all tokens will eventually
become securities. This means oversight, regulation and
enforcement will come to all. Monetary authorities’ mandate is
safety, surety, financial markets stability and tax revenues.

15. Regulation in fintech and capital
markets does not prevent innovation

16. FCA License
Token is authorised as an Account Information
Service Provider (“AISP”) and as a Payment
Initiation Service Provider (“PISP“) by the
Financial Conduct Authority in the UK (License
Number: 795904).

17. Regulation is a tool for
competitive advantage.