> For the complete documentation index, see [llms.txt](https://hakuto-white-paper.gitbook.io/hakuto/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://hakuto-white-paper.gitbook.io/hakuto/team-and-partnerships/7.1-regulation-of-digital-assets.md).

# 7.1 Regulation of Digital Assets

* **Cryptocurrencies and Tokens: I**n many countries, cryptocurrencies and tokens are classified as "digital assets" and are operated under specific regulatory frameworks, which may include anti-money laundering (AML) and customer due diligence (KYC) regulations. 
* **NFTs:** Non-fungible tokens (NFTs) may require special considerations under copyright and contract law. It is crucial to clarify the rights and obligations associated with digital content related to NFTs.