The regulation of digital currencies is subject to continuous developments around the world, as governments seek to establish rules and regulations to handle these currencies in a safe and stable manner. The goal of regulation is to protect investors, prevent money laundering and terrorist financing, while promoting innovation in this sector.

*Global Developments:*

- *European Union*: The European Union has implemented its first comprehensive regulation of digital currencies, known as the "Markets in Crypto-Assets Regulation" (MiCA), which requires companies to obtain a license to deal with digital currencies.

- *United States*: The United States is working on establishing a regulatory framework for digital currencies, focusing on determining whether the digital currency is considered a security or a commodity.

- *United Kingdom*: The United Kingdom has established regulatory rules for digital currencies, requiring companies to obtain permission from the Financial Conduct Authority (FCA) to deal with digital currencies.

- *Asia*: Regulations in Asia vary by country, with Japan being considered one of the leading countries in regulating digital currencies, while China imposes a ban on dealing with digital currencies¹.

*Importance of Regulation:*

- *Investor Protection*: Regulation contributes to protecting investors from fraud and the risks associated with digital currencies.

- *Preventing Money Laundering*: Regulation helps prevent the use of digital currencies in money laundering and terrorist financing.