San Marino, a country in Europe, located within the borders of Italy, issued the Delegated Decree n.37, dubbed "Rules on blockchain technology for businesses." The standard, inter alia, makes an interesting reconstruction of the marvel of cryptocurrencies, which are notably classified as utility (usage) tokens and investment (security) tokens.
Italy is among the big countries which are slow in collecting social and technological amendments in their laws. Possibly there are some problems to solve so as to be able to regulate changes that still effect small number of the population and Gross Domestic Product (GDP). But this appears not to be the case with many small autonomous countries that have well-run administrations.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/san-marino-cryptocurrency/
