1、BLOCKCHAIN COUNCIL REPORT TO THE COMMUNITY COLORADO OFFICE OF ECONOMIC DEVELOPMENT exchanges are not regulated by 5 Blockchain Council: Report to the Community | the state of Colorado so, despite real uncertainty around regulation of exchanges, there is little that a Colorado body could resolve. In
2、many of the working groups, however, there was a substantive issue that the Council could work to improve within Colorado. The Council worked with partners across different government agencies and other private organizations across Colorado to determine how to best serve the State and its citizens,
3、businesses, entrepreneurs, users, and customers. The issues identified by the Council, the problem statements produced by the working groups and the solutions-in-progress are explained in detail in subsequent sections. 6 Blockchain Council: Report to the Community | ISSUES IDENTIFIED BY THE COUNCIL
4、DEFINITION OF TOKENS Definitions around the various types of tokens and digital assets are unclear and vague. This leaves companies considering the issuance of tokens with a high level of legal risk, given overlapping regulatory regimes. By defining and classifying types of tokens, companies can cre
5、ate token offerings that fit within a clear legal framework. This drastically reduces the companys costs, protects consumers, and gives more visibility to the offering. Additionally, regulators and policymakers would be able to create a cohesive regulatory framework that guides companies and protect
6、s consumers. SECURITIES The lack of regulatory clarity around token sales leads to uncertainty, and potential criminal and civil liability, for companies and individuals who want to sell or purchase digital tokens. There is a need for a framework to determine which blockchain-based assets are securi