Woofun AI reports that the Central Bank of Azerbaijan has submitted a regulatory bill for the virtual asset market, with formal legislation anticipated within the year. The proposed framework mandates that all entities conducting cryptocurrency business obtain a license from the central bank, while strictly prohibiting unauthorized operations. Licensed institutions will face continuous supervision and must adhere to compliance standards including anti-money laundering, counter-terrorism financing, and customer identity verification. These regulations will be integrated into the national financial market development strategy for 2027-2030.