RE: The Story of Money
Hi kevin. Currently our legal system is facing a problem with the recognition of crypotocurrency. It is still considered as an asset and not a currency.
In SMT there will be pairing of the token and steem which means a DEx will be in place and floated to give the token an appreciable value. This would fall under definition of a regulated market. Regulated market's operation requires license and approval from central regulatory bodies. So people who trade in the DEx would be facing a legal hurdle in the absence of proper approval depending on the jurisdiction that they are in.