The Bank of Russia selected Bitcoin, Ethereum, and Tether based on criteria requiring five years of international price history, a two-year average capitalization exceeding 5 trillion rubles, and a two-year average daily trading volume above 1 trillion rubles

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

Digital assets that run on blockchains rather than banks, from Bitcoin and Ethereum to thousands of smaller tokens.

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.