# Regulatory Hurdles Cleared

Cryptocurrency coins and tokens, classified as assets in many jurisdictions, incur a tax liability, depending on geographical jurisdiction. Authorities in the USA and UK calculate sales of cryptocurrencies as capital gains/losses, and in Singapore, it is estimated on top of income tax.

Cryptocurrency tax regulation is still in its infancy in many countries. We believe that by introducing **$MYO as a utility token**, we can help all DAO members and holders minimize any tax burdens, and minimize interest from speculators and traders who are only concerned with the economic nature of $MYO.

We believe the following use cases for $MYO help build a very strong case towards $MYO being classified as a utility token:

* Enables members to gain access to DAO systems + marketing strategy playbooks
* Enables members to gain access to Web 3 projects and bounties 
* Enables members to gain access to private gatherings and dinners during web3 conferences throughout the world
* Enables members to receive crypto payment in exchange for work performed 
* Enables members to vote for DAO proposals & grants 
* Enables DAO members and outside parties to use $MYO to access Myosin’s user acquisition, user engagement, and user retention products.

Upon issuing $MYO in the public markets, we also plan to re-incorporate Myosin's current C Corp off-shore to a more crypto friendly geography.