By Kao Shih-ching / Staff reporterA few companies have issued utility tokens recently, but they cannot promise returns or claim to be investment vehicles, the Financial Supervisory Commission (FSC) said yesterday. “We will investigate whether these digital tokens are utility tokens or securities tokens in disguise,” Securities and Futures Bureau Deputy Director-General Tsai Li-ling (蔡麗玲) told the Taipei Times by telephone. Utility tokens can only be exchanged for the issuer’s products or services, Tsai said. “Utility tokens should be different from securities tokens, so we do not want to see issuers cross the line,” Tsai said. Her remarks came after electronic voucher issuer Mohist Web Technology Co (墨攻網路科技) and pet care service provider PetTalk Inc (寵聚) last week announced utility tokens valued at NT$10 and US$0.06 respectively.

Source: Taipei Times May 20, 2019 15:56 UTC