GK Question

technology hard mcq

Which framework classifies crypto assets based on economic function rather than technology?

  1. Technology-Neutral Approach
  2. Substance-Over-Form
  3. Risk-Based Regulation
  4. All of these

Answer: All of these

Modern crypto regulation focuses on economic substance: payment tokens, security tokens, utility tokens regulated by function. Avoids technology lock-in and adapts to innovation. Critical for policy design questions.

Topic Crypto Regulation
Exam Relevance Banking, UPSC, SSC