Just before Christmas, Pllel’s Wassim Alsindi visited the UK financial regulator, the Financial Conduct Authority on invitation from the Project Innovate programme. There was a fruitful discussion regarding the current landscape and regulatory challenges regarding tokenised P2P protocol networks and some of the emergent behaviour they exhibit. One area of particular focus was the somewhat overheated domain of ICOs (Initial Coin Offerings) which are problematic in places as a mechanism for regulatory arbitrage. Forks were another regulatory head-scratcher especially within the context of financial products using crypto-assets as the underlying. Wassim is currently working on ethical frameworks for token issuance using the cryptographic attributes of public blockchains to provide real-time verification of a predetermined framework of standards.