Metale Whitepaper
  • Metale
    • Metale Protocol: A Peer-to-Peer Publishing Protocol for Digital Publications
    • I Introduction
    • II Soul-Bound Tokens (SBTs)
      • SBTs in a New Generation Publish Era
      • SBTs vs.Traditional Publishing Methods
      • Traditional Piracy Implication
    • III Decentralized Smart Contracts
    • IV Tokenization of Real-World Assets in the Cryptocurrency Space
      • Legal and Ethical Considerations of Tokenization [10]
      • Legal Considerations:
      • Ethical Considerations:
      • Content copyrights application
    • V DAO Charter
    • VI Bonding Curve
    • VII Public Issuance and Trading Platform for Content Copyright Assets
    • VIII Co-creation Platform
    • IX Incentives
    • X Privacy and Attribution
    • XI Conclusion
    • References
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  1. Metale
  2. IV Tokenization of Real-World Assets in the Cryptocurrency Space

Legal Considerations:

  • Regulatory Compliance: The foremost legal challenge is ensuring compliance with the existing financial regulations, including securities laws, anti-money laundering (AML) standards, and Know Your Customer (KYC) protocols. Since tokenization blurs the lines between different asset classes, it often falls into a gray area of financial regulation.

  • Jurisdictional Variances: Tokenization operates on a global scale, but legal frameworks vary significantly across jurisdictions. Navigating this fragmented legal landscape is complex, especially when it comes to cross-border transactions.

  • Smart Contract Legality: The legal status of smart contracts, which are essential in tokenization, is still under debate. Issues arise around enforceability, jurisdiction, and legal recognition of these digital agreements.

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Last updated 1 year ago