Mode and Logic of Token Transaction Supervision

This paper mainly studies the attitude and supervision mode of various countries towards digital tokens. The strength and methods of supervision in various countries are different. There are cross-border transaction tokens and other chaotic situations. It is difficult to supervise and protect the interests of investors, which is not conducive to the healthy development of financial economy in various countries. In addition, with the development of globalization, digital tokens are going to the world and need to circulate among countries. Therefore, a recognized regulatory principle is needed to ensure the healthy development of digital finance worldwide. With the goal of single independent law, with the help of "regulatory sandbox" and "white list", we explore regulatory principles.