What is Market Challenge

The authors have carried out an examination of the status of tokens and tokenization in financial markets with regulatory problems, which lack proposals for solutions based on a generalized consensus. Overall, it seems to authors that cutting the Gordian knot of tokenization and tokens is the essential need to achieve a consensual and efficient protocol of unequivocal attribution of legal responsibility to obtain satisfactory levels of transparency and reliability in all transactions. In particular, tokens that claim to be money appear to have a more complicated potential development than the rest, since there is a controversy between the pressures of the sector agents and the specific restrictions indicated by Knapp and Ingham and maintained by the states and regulators with respect to its exclusive regulatory capacity over money as a means of payment of a wide and reliable acceptance.