[jonnydubowsky]

I think this project is well done, and I love how easy you've made it to just do up a concept, and get a group of people moving into tokenizing their value stream. I am working on a token for storing genomic data in UPort or Civic wallet, and will integrate with Ocean Protocol and Openmined and other data marketplaces. In looking at the compliance of issuing the tokens, I've found that it is essential to actually embed restrictions in the token (like the rtoken protocol is doing) to make sure it can't be traded by unaccredited investors or outside terms of a reg d lockup. It doesn't seem to matter what your intent is, if you provide the tools by which someone can begin trading an unregistered security, this seems problematic. Have you considered technical measures to prevent this?

[jonnydubowsky]

The following quote from a recent Coinbase article has me wondering about the recent round of amazing crypto-art tokens and the speculative market that has emerged for buying and selling them. While the proposed eth721 standard makes a distinction that attempts to seperate these tokens from the ones used in ICOs, it appears as if the SEC and FinCEN don't really care about intentions, rather how these tokens end up being used. As a YC startup, with access to some well-seasoned sources of advice, I'm wondering what you've heard on these issues as they relate to your project? "The U.S. Treasury Department's FinCEN division recently declared that any developer that sells convertible virtual currency, including in the form of ICO coins or tokens, in exchange for another type of value that substitutes for currency is a "money transmitter" subject to proper registration with the Treasury Department, anti-money-laundering rules, and other regulatory and licensing requirements -- requirements that, if not satisfied, could result in imprisonment." from https://www.coindesk.com/crypto-exchanges-ico-teams-brain/