Investors Should Be Careful of Cryptocurrencies, Says MAS' Menon

The video discusses the distinction between cryptocurrencies and digital tokens, emphasizing that cryptocurrencies lack the qualities of traditional money. It categorizes digital tokens into utility tokens, which are essential for blockchain operations, and securities tokens, which require regulation under the Securities and Futures Act. The video highlights the importance of not crossing regulatory lines when offering securities tokens.

Why does the speaker prefer the term 'digital tokens' over 'cryptocurrencies'?

• Because cryptocurrencies are illegal.

• Because digital tokens are more technically accurate.

• Because cryptocurrencies are not widely accepted.

• Because digital tokens are backed by gold.

What is a key characteristic that cryptocurrencies lack compared to traditional money?

• They are not popular.

• They do not have stable value.

• They are not used for online transactions.

• They are not digital.

What is the primary use of utility tokens in the blockchain?

• To pay taxes.

• To invest in stocks.

• To purchase computing services.

• To buy real estate.

Why do utility tokens require minimal regulation?

• They are not valuable.

• They are not used in financial transactions.

• They are not recognized by governments.

• They are essential for the blockchain's functioning.

What must companies ensure when offering securities tokens?

• That they are not crossing into offering securities.

• That they are not used for illegal activities.

• That they are backed by physical assets.

• That they are only sold to banks.