Untrue
Cryptocurrency derivatives are, however, capable of being financial instruments under the Markets in Financial Instruments Directive II (MIFID II), although we do not consider cryptocurrencies to be currencies or commodities for regulatory purposes under MiFID II.
So, bonds can be derivatives as can ICOs plus there is securities law too, if issued in accordance with UK law;
Whom is in charge of the MIFID?
What FCA number or what MIFID exemption?
Who is the KYC/AML officer?
What is your FACTA compliance procedure?
How about your GDPR comptroller?
This is what I meant. And to what extent is the government actually going to get involved in these issues if Bitcoin is still in the legal grey zone? I personally like the idea of a bond because it's guaranteed, but I'm having a hard time imagining who will enforce these laws if push comes to shove. Are they actually going to give it court time? Do they really want to sit and argue over (what they may claim to be) bits and bytes that are perceived value?
At this stage in Bitcoin's development I am a bit hesitant to believe that a truly guaranteed bond could be created.