4.2 Learning Assessment For Module 4

1. ICOs were and are mostly viewed negatively by regulators.*

2. Which of the following statements about ICOs is correct?

3. Regulators face the challenge of enabling innovation and ensure appropriate protection of investors and protect the stability and reputation of marketplaces. Regulators typically opt to do the latter.

4. Which tokens does the Swiss classification foresee?*

5. The Swiss token classification does not foresee hybrids.*

6. What are the key obligations for payment tokens under the Swiss system?

7. What are the key obligations for asset tokens under the Swiss system?*

8. How long does one have to make the utility available to the ecosystem in case of an utility token?*

9. "Liechtenstein Blockchain Act" is short for:

10. The Liechtenstein Blockchain Act defines the term “token” as a new construct to enable the transformation of the “real” world to blockchain systems while ensuring legal certainty, thereby opening up the full application potential of the token economy.*

11. Liechtenstein is part of the EEA and has access to the EU harmonized market. The newLiechtenstein Blockchain Act transposes EU law into national law.*

12. On July 31st, 2019 the FCA in the UK has published:*

13. The FCA has repositioned the taxonomy to categorize crypto assets in three categories including:*

14. With the FCA publishing its policy documents, the rules are now set?

15. Is it possible to access the US to raise funds for DLT projects?

16. The US has one set of rules for crypto.*

17. The SEC is the only competent regulatory body in the US for crypto.*

18. What is the stance on ICOs and crypto in key Asian locations?*

19. EU GDPR (General Data Protection Regulation)

20. The Liechtenstein token act was less successful in terms of adoption than was expected before its introduction in 2020.*