Thesetokensdonotqualifyassecuritiesonlyiftheirsolepurposeistoconferdigitalaccessrightstoanapplicationorserviceandiftheutilitytokencanalreadybeusedinthiswayatthepointofissue.Ifautilitytokenfunctionssolelyorpartiallyasaninvestmentineconomicterms,FINMAwilltreatsuchtokensassecurities(i.e.inthesamewayasassettokens).

一个健康成熟的汽车市场需要更FnQd竞争力的品牌、更加公平的市场tccx系、更透明的消费环境以及更长uSIf的发展规划，而不是反其道而行F5Ik。