Ammon News - The Lower House of Parliament on Monday oted by majority to refer the draft Virtual Assets Regulation Law for 2025 to the Digital Economy Committee.

The bill aims to establish a regulatory framework for virtual asset transactions, define related activities, and monitor service providers to ensure compliance, safeguard market participants, and uphold financial stability.

The proposed legislation also outlines the Securities Commission’s authority to license virtual asset services, ensure adherence to licensing conditions, and take necessary measures to counter money laundering and the financing of terrorism in alignment with international standards.