Digital asset

Digital asset is the neutral regulatory term for cryptocurrencies and tokens. Its neutrality is deliberate: it avoids prejudging whether a given asset is a security, a commodity or neither.

manipulation techniques · updated 2026-09-08

See also

• Token — A token is a unit of value recorded on a blockchain. Whether a particular token is a security is a legal question decided on its e…
• Howey test — The Howey test asks whether an arrangement is an investment of money in a common enterprise with an expectation of profits derived…

Terms that refer here

Howey test · Regulatory perimeter · Token

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