MOBICARD Receives Legal Approval for Its Utility Token and Prepares for Re-Launch

Peer To Peer Network, trading under OTC PINK:PTOP, has announced that its utility token, MOBICOIN, complies with current regulatory standards. This announcement follows a legal opinion from a prominent law firm specializing in corporate governance securities law. The confirmation classifies MOBICOIN as a utility token rather than a cryptocurrency, reinforcing its legal standing.

Joshua Sodaitis, chairman & CEO of Peer To Peer Network, highlighted that this validation ensures MOBICOIN can be utilized as intended within the ecosystem, thus providing clarity and confidence to stakeholders. MOBICARD is now preparing for relisting on several exchanges, marking a significant step forward for the project.

MOBICOIN initially launched in 2017, experiencing high trading volumes and a surge in PTOP stock. The token was suspended later that year to comply with new SEC regulations. With the recent legal approval, MOBICOIN is set to re-enter the market. Potential investors are directed to PTOP's crowdfunding portal for more information.