Definition ∞ Royal Assent is the formal approval given by a monarch to a bill passed by a legislative body, making it an act of law. This constitutional procedure is a necessary step in parliamentary systems, signifying the final stage of the legislative process. It transforms proposed legislation into binding statutes. While often a ceremonial act, it holds significant legal weight.
Context ∞ Royal Assent is a procedural step relevant in jurisdictions with constitutional monarchies, impacting how digital asset legislation is formally enacted into law. Discussions in these regions may involve the timing and implications of such assent for new regulations affecting cryptocurrency businesses or investors. Future legal frameworks for digital assets will require this formal approval in relevant countries to gain full legal force. News reports from these nations will mention Royal Assent when significant crypto legislation is passed.
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