The Finance Ministry of Germany have made it clear that the utility tokens do not fall under the Securities Trading Act. A short document published in the country according to a rough translation have explained, “As a rule, utility tokens do not constitute securities, investments or other financial instruments within the meaning of the German Securities Trading Act…”
A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.
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