The Maltese regulator, MFSA, has created a test of financial instruments that helps classify tokens in three key categories:
Utility Token Usually considered a virtual token
Security token It is usually captured under MiFID II and the Local Investment Services Law, and is therefore considered a financial instrument.
Virtual financial asset (VFA). Tokens that can not be considered or electronic money, virtual tokens or security tokens.
if 2GT is about coverting in a VFA. My question if there is currently any token that is treated like this or 2Gether will be the first one.