Gambling operators got a bit more digital asset clarity from one of the industry’s prominent regulating districts. The Isle of Man has published its guidance on digital assets and token activity, starting to reveal how they will regulate blockchain activity.

The Isle of Man Financial Services Authority (IOMFSA) has decided to take a technology “neutral approach.” The primary way they will decide on what works and what doesn’t is a “look to the substance of the activity being undertaken rather than the form.”

The IOMFSA noted in their guidance paper:

“1. it will regulate entities undertaking activity with cryptoassets and tokens that have the characteristics of securities or electronic money to the same extent as if they were issued in other forms, and