Virtual Digital Assets are digital representations of value that can be digitally traded, transferred, or used for payment or investment purposes. This broad category includes cryptocurrencies, stablecoins, non-fungible tokens (NFTs), and other tokenized assets. They exist exclusively in electronic form and rely on cryptographic principles for their security and verifiable ownership. These assets represent a new class of digital property.
Context
The classification and regulation of virtual digital assets remain a dynamic and evolving area across global jurisdictions. News frequently reports on new legislative efforts and policy discussions aimed at defining and governing these assets, impacting their market acceptance and operational frameworks. Their increasing adoption across various sectors drives ongoing discussions about their economic and legal implications.
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