Mavatar co-founder and CEO Susan Akbarpour was featured on Varney & Co. on Fox Business on August 16, 2018 to help viewers understand blockchain and crypto, the major disruptors that have puzzled financial institutions and regulators in her view for too long!
Why’s this an issue? Because many other countries, including Switzerland, Singapore, Poland, Japan and Korea are quickly moving towards regulating crypto, putting the U.S. already behind.
“We can bring billions of dollars to this country but now ….. American entrepreneurs are taking their technologies and even the entire market to Europe if we don’t act fast,” said Susan.
What is a utility token?
While the SEC insists that all tokens are securities as of right now, the utility token holds power to fund and establish new businesses and entrepreneurial efforts supported by developer communities Susan explained, “Utility tokens are actually used to bring investment to the companies and they can be used in the application or platform later, by the users of that platform, which is the best case scenario.”
This was the same philosophy Susan discussed at 36th Trade and Monetary Conference at Drexel University in June. Read a recap of here.