Virtual Asset Policy

Definition ∞ A Virtual Asset Policy outlines the regulatory and operational guidelines governing the creation, distribution, trading, and use of virtual assets, including cryptocurrencies and non-fungible tokens. These policies are established by governmental bodies or industry organizations to address issues such as investor protection, anti-money laundering (AML), and market integrity. They shape the legal landscape for digital asset innovation.
Context ∞ The development and implementation of Virtual Asset Policies are a dynamic and evolving aspect of the global digital asset industry. Current debates center on the classification of different virtual assets, the appropriate regulatory approach for decentralized finance (DeFi) and NFTs, and the harmonization of policies across jurisdictions. News frequently reports on new legislation, regulatory guidance, and enforcement actions related to these policies.