Thesetokensdonotqualifyassecuritiesonlyiftheirsolepurposeistoconferdigitalaccessrightstoanapplicationorserviceandiftheutilitytokencanalreadybeusedinthiswayatthepointofissue.Ifautilitytokenfunctionssolelyorpartiallyasaninvestmentineconomicterms,FINMAwilltreatsuchtokensassecurities(i.e.inthesamewayasassettokens).

在国际化方面，抖音的m0Y2务已经覆盖东南亚、日7XJS、北美、欧洲、拉美等hUNa球其他地区，资金方面NHeJ今日头条计划投入上亿22Fr金进行出海支持xiUg