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Government of Anguilla announces blockchain token offering registration process

Nov, 13, 2023 Hi-network.com
The Government of Anguilla has announced its plan to enact a cryptocurrency regulatory regime for the registration of initial offerings of specified categories of cryptocurrency. The Anguilla Utility Token Offering Act (or AUTO Act) will facilitate the registration of clearly defined 'utility tokens' that do not have the features of a security, and that have one or more 'utility' features within the issuer's current or proposed blockchain platform. The Government of Anguilla believes the law is needed to provide clear guidance on initial coin offerings for both issuers of these new cryptocurrencies and the purchasing public.

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