Digital representations of value are electronic records that denote economic worth or rights, stored and transferred using distributed ledger technology. These digital forms can include cryptocurrencies, stablecoins, tokenized securities, and non-fungible tokens. They exist as data on a digital network, allowing for programmable and verifiable ownership.
Context
The regulatory landscape for digital representations of value is rapidly evolving, with jurisdictions seeking to clarify their legal status and oversight requirements. The precise distinction between various types of digital value representations is critical for applying appropriate legal and tax frameworks. This area demands ongoing legislative and interpretative work.
Reporting Crypto-Asset Service Providers must immediately update due diligence and data systems to capture cross-border transaction information starting January 1, 2026.
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