to holders of digital tokens or real estate-backed initial coin offering (ICO). Meanwhile, the regulations have not yet extended to such fund raising method and a smart contract has not yet covered

the rules for real-estate backed tokens and infra-backed tokens, as well as enhancing the guidelines for sustainability-themed tokens. These improvements aim to accommodate a diverse range of initial

issuers, related intermediaries and those who transact with digital assets, and lessen chance for people on deception or be at disadvantages as well as allow the public sector to have tools to monitor