YouHodler's Italian MiCA authorization covers five regulatory permissions: custody and administration, crypto-to-fiat exchange, crypto-to-crypto exchange, execution of customer orders, and crypto-asset transfers.

How governments worldwide set rules for digital assets through legislation, agency rulemaking, licensing regimes and court fights.

Comprehensive legal regimes for digital assets, such as the EU's MiCA and proposed US market-structure bills, defining how tokens are issued, traded, and supervised.

Rules for who may hold digital assets on behalf of others and how, covering qualified custodians, banking charters, and the accounting treatment of custodied crypto.