Tokens with the characteristics of securities (which cover equity, securitized debt, derivatives, and savings bonds) will be treated accordingly under PACTE. 

Tokens with the characteristics of securities

Tokens with features of repayable debt will be treated as loans.

Tokens with features of repayable debt

 Pure utility tokens represent deferred income.

Pure utility tokens

- Tokens with the characteristics of securities
- Tokens with features of repayable debt
- Pure utility tokens

University of Minnesota - Twin Cities

The Accounting Standards Authority (ANC) introduced accounting rules for token issuers and subscribers on December 10, 2018.

Accounting rules for tokens

Barsan, Iris M., Regulating the Crypto World - New Developments from France (December 22, 2019). RTDF 4/2019, pp. 9-30, Available at SSRN: https://ssrn.com/abstract=3484391 or http://dx.doi.org/10.2139/ssrn.3484391

Learn Before

Related

Learn After