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P2E Game Token: Security, Payment Instrument or In-Game Currency?
This article is about the tokens of play-to-earn (P2E) games, where players earn tokens and can withdraw them into money. It covers how US and EU regulators tell an in-game currency from a security and from a payment instrument, which features matter for that, and what a game studio should fix in its tokenomics and…
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Regulation Crypto Assets: How the SEC Proposes to Regulate Token Sales in the US
On 18 August 2026 the SEC proposed Regulation Crypto Assets, the first dedicated regime for public token sales in the US. We cover the startup and fundraising exemptions, Rule 103 disclosure, the safe harbor and how it differs from MiCA.
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DeFi and DAOs: Who Is Liable for a Decentralized Project
Calling a project decentralized does not remove liability. US courts have already treated DAOs as associations or partnerships.
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Privacy Coins (Monero, Zcash): Legal Status in the EU, UAE and US
Holding a privacy coin is generally not prohibited. The restrictions hit the businesses that deal in it: exchanges, custodians, brokers.
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SAFT vs SAFE: What Is the Difference and Which Should a Crypto Project Choose
A SAFE and a SAFT work the same way: the investor pays now and receives the asset later. The difference is what the investor receives.
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Travel Rule for Crypto Businesses: What Data to Transmit and How to Implement It
What data the Travel Rule requires in the EU, UK and US, how to handle self-hosted wallets and missing information, and how to implement the rule.