Digital Tokens: A Legal Perspective

Digital Tokens: A Legal Perspective
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Volume/Issue: Volume 2023 Issue 151
Publication date: July 2023
ISBN: 9798400250149
$20.00
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Summary

Tokens are units digitally represented in a distributed ledger or blockchain. The various uses of this technology have the potential to transform a wide array of economic activities, from traditional commercial transactions to sophisticated financial undertakings. This paper explores the similarities and differences of tokens with traditional legal instruments in commercial law and how tokens could offer superior solutions, provided that proper legal foundations are established for their operation, including aspects of the law of securities and consumer protection law.