## Global Digital Asset Regulatory Landscape: A Comprehensive Report
Introduction
The global landscape for digital assets is rapidly evolving, with various countries and regions implementing diverse regulatory frameworks. This report provides an in-depth analysis of the current state of digital asset regulation worldwide, highlighting key developments and trends.
United States
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Federal Developments
– Executive Order on Digital Fintech: President Trump recently signed an Executive Order titled “Strengthening American Leadership in Digital Financial Technology.” This order aims to provide regulatory clarity and well-defined jurisdictional boundaries for digital assets. It also prohibits the establishment of a Central Bank Digital Currency (CBDC) in the U.S. and establishes a Working Group on Digital Asset Markets to develop a federal regulatory framework for digital assets, including stablecoins[1][2].
– Regulatory Framework: The Working Group, comprising agencies like the CFTC and SEC, is tasked with identifying regulations affecting digital assets and proposing modifications or rescissions. The group must submit a report within 180 days, outlining a proposed federal regulatory framework and evaluating the potential for a national digital asset stockpile[1][2].
– Crypto Regulatory Strategy: The White House has emphasized the need for regulatory clarity rather than enforcement actions. Congress members are working to educate colleagues on crypto assets and are advancing legislation like Senator Bill Hagerty’s stablecoin bill[1].
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State Regulations
U.S. states have adopted varied approaches to regulating cryptocurrencies, leading to a lack of uniformity across the country[4].
European Union
– Markets in Crypto-Assets Regulation (MiCA): Introduced in May 2023, MiCA requires companies issuing or trading cryptocurrencies to obtain licenses. Starting in January 2026, service providers must verify wallet ownership for transactions exceeding certain thresholds[4].
– ESMA Developments: The European Securities and Markets Authority (ESMA) has published factsheets on crypto lending and DeFi, highlighting risks and market developments[2].
United Kingdom
– Regulatory Framework: The UK aims to become a global digital asset hub. The Financial Conduct Authority (FCA) has provided clarity on staking and is developing a comprehensive regulatory regime for implementation from 2026[3].
– Support for Digital Asset Firms: The FCA offers pre-application support to digital asset firms, facilitating their growth in the UK[3].
Japan
– Regulatory Approach: Japan has revised its regulatory approach with a focus on investor protection and market stability. Recent developments include tax reforms and amendments to the Payment Services Act to accommodate stablecoins[3].
South Korea
– Virtual Asset Users Protection Act: Passed in 2023, this act enhances user protections by requiring record-keeping and transparency from crypto service providers[4].
Brazil
– Cryptoassets Act: Established in June 2023, this regulation makes the central bank the supervisor for crypto assets, outlining rules to prevent scams and money laundering[4].
China
– Cryptocurrency Bans: China has banned cryptocurrency exchanges, trading, and mining, maintaining a strict stance on digital assets[4].
Global Trends and Recommendations
1. Regulatory Clarity: Countries are moving towards providing clearer regulatory frameworks to foster innovation and protect consumers. The U.S. and EU are key examples, with ongoing efforts to establish comprehensive frameworks[1][3].
2. International Cooperation: There is a growing need for international cooperation to facilitate cross-border transactions and market access for digital assets. The World Economic Forum suggests negotiating new trade agreements to enable smoother payments[4].
3. DeFi and Decentralization: Supporting DeFi technologies and individual empowerment within the digital asset ecosystem is becoming increasingly important. This includes enhancing clarity and cooperation between regulatory agencies like the SEC and CFTC[3].
In conclusion, the global digital asset regulatory landscape is evolving rapidly, with countries adopting diverse strategies to balance innovation with consumer protection. As the industry continues to grow, international cooperation and clear regulatory frameworks will be crucial for its development.
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References
[1] DLA Piper. (2025). Blockchain and Digital Assets News and Trends – February 2025.
[2] Ashurst. (2025). Global Digital Assets Digest: February 2025.
[3] Crypto Council for Innovation. (2025). Written Statement of Ji Hun Kim.
[4] Thomson Reuters. (2025). Cryptocurrency – Global Regulatory Updates.
Related sources:
[1] www.dlapiper.com
[2] www.ashurst.com
[3] docs.house.gov
[5] www.gdf.io