# Phase of Regulation and Normalization Starting in 2015, most countries began to adopt more pragmatic stances. They recognized that prohibiting Bitcoin was ineffective, and that it was more viable to regulate it than to combat it. This approach led to the implementation of specific legal frameworks: * Obligation to know your customer (KYC) in exchanges. * Regulations against money laundering (AML). * Tax declaration of gains in cryptocurrencies. * Legal classification according to jurisdiction: as digital asset, commodity, property, or security. Examples of this stage include the MiCA framework legislation in the European Union, the dual interpretation as commodity or security in the United States, and hybrid models in Latin American countries like Argentina, Colombia, or Brazil. In BSV, this normalization is balanced with maintaining the original decentralization, facilitating efficient transactions without compromising individual sovereignty. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://hub.bsvblockchain.org/higher-learning/bsv-academy/bitcoin-as-historical-phenomenon-1/bitcoin-facing-states-regulatory-tensions-and-co-optation-strategies/phase-of-regulation-and-normalization.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.