Investors Should Be Careful of Cryptocurrencies, Says MAS' Menon

The video discusses the distinction between cryptocurrencies and digital tokens, emphasizing that cryptocurrencies lack the qualities of traditional money. It categorizes digital tokens into utility tokens, which are essential for blockchain operations, and securities tokens, which require regulation under the Securities and Futures Act. The video highlights the importance of not crossing regulatory lines when offering securities tokens.

According to the text, what qualities are associated with traditional money that cryptocurrencies currently lack?

What regulatory act must securities tokens comply with if they are offered as securities?