David Hodge is the director of European operations for AEI Consultants, an employee-owned international consulting firm that provides comprehensive services to commercial lenders, property owners, managers, tenants, and developers, industries, institutions, government agencies and insurers, including many Fortune 500 companies. Founded in 1992, AEI is based in the San Francisco Bay area, with offices across the United States and Europe.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.
An increasing number of countries have begun the process of implementing functional and legal frameworks to regulate blockchain-recorded tokens over the past several months, which has led to increasing exploration of these technologies across many investment sectors.
Further, the use of distributed ledger technology (DLT) is a powerful disruptor at the transactional level, where significant disintermediation is occurring — especially with one of the most popular alternative investments: real estate.
Much of the recent regulation — or steps toward regulation — address volatility and risk concerns related to both initial coin offerings (collectively, ICOs) and security token offerings (STOs).
For example, recent regulatory movements include:In July 2018, Malta passed into law the world's first legislative framework for blockchain and DLT with the purpose of regulating ICOs and STOs, including a benchmark regulatory platform and process. In December 2018, the Council of the European Union published the G-20 declaration titled “Building Consensus for Fair and Sustainable Development,” summarizing the discussions at the 13th G-20 meeting in Buenos Aires, Argentina. Following the G-20 declaration, seven European Union countries — the “Mediterranean Seven" — signed a declaration agreeing to cooperate on blockchain and DLT technologies. Malta took the initiative to...