Thanks for the detailed reply. Yes, we do seem to be in a bit of a legal no-man's land at the moment. Whilst I have one or two ideas for fun projects, I'm not comfortable just yet in exposing myself to too much risk.
Without legal precedents it's difficult to know how to proceed, and I suppose I'd rather not end up being the unlucky one who is forced to partake in that first legal precedent!
I live in one of the more crypto-friendly places, but even here, the government are as we speak drawing up legislation on Know Your Customer (KYC) and Anti-Money Laundering (AML) with regard to tokens.
So I if I want to move forward I shall have to tread carefully!
RE: What are the Legalities of Creating Hive Tokens?