TOKENIZATION POLICY
The Vanderbilt Terminal for Digital Asset Policy & Regulation
INDEPENDENT INTELLIGENCE FOR TOKENIZATION POLICY, LEGISLATION & POLITICAL ECONOMY
GENIUS Act: Signed Law ▲ Jul 18 2025| MiCA Status: Live ▲ Dec 2024| CLARITY Act: Senate Pending ▲ Jul 2025| Crypto Lobbying 2024: $202M PAC ▲ Fairshake| OECD CARF Countries: 75+ ▲ +12| CBDC Projects: 130+ Active ▲ Atlantic Council| FATF Travel Rule: 73% Compliant ▲ Jun 2025| Pro-Crypto Congress: 300+ Members ▲ +91| GENIUS Act: Signed Law ▲ Jul 18 2025| MiCA Status: Live ▲ Dec 2024| CLARITY Act: Senate Pending ▲ Jul 2025| Crypto Lobbying 2024: $202M PAC ▲ Fairshake| OECD CARF Countries: 75+ ▲ +12| CBDC Projects: 130+ Active ▲ Atlantic Council| FATF Travel Rule: 73% Compliant ▲ Jun 2025| Pro-Crypto Congress: 300+ Members ▲ +91|

Exchange Licensing

BitLicense (New York)

The world's first crypto exchange licence, issued by the New York Department of Financial Services from 2015, establishing requirements for virtual currency businesses operating in New York and influencing exchange licensing globally.

Donovan Vanderbilt · February 24, 2026

DABA (Digital Asset Business Act — Bermuda)

Bermuda's 2018 pioneer legislation establishing a comprehensive licensing framework for digital asset businesses, administered by the Bermuda Monetary Authority, with eight licence categories and sandbox provisions.

Donovan Vanderbilt · February 24, 2026
Premium Intelligence

Full access to policy analysis, legislative trackers, country benchmarks, and political economy deep-dives.

Subscribe →