How to legally define tokens and other cryptoassets

Cryptoassets, cryptocurrencies, tokens, and coins are all terms that often bring confusion within the ecosystem. Some of them mean the same thing, while others are subsets. However, they all have something in common: they have a digital value. Let's try to define these terms in a relevant way to facilitate the applicability of a given regulation and clarify the terminology.

Cryptocurrencies

Cryptocurrencies are either tokens or coins. A cryptocurrency can be defined as an independent digital currency where the issuance, the transaction validation process, the availability of the application, and the governance are totally independent. It is opposed to a digital...