A Compliance Framework Update signifies revisions or additions to the set of rules, policies, and procedures an organization follows to meet regulatory requirements. In the digital asset sector, these updates often address new legislation, evolving supervisory expectations, or changes in industry best practices. Such updates are essential for firms to maintain legal standing and operational integrity.
Context
Firms operating with digital assets frequently encounter Compliance Framework Updates due to the rapidly changing regulatory landscape. News often reports on government agencies issuing new guidelines or enforcement actions, prompting companies to adjust their internal controls and reporting mechanisms. Staying current with these updates is a continuous and resource-intensive activity for all participants in the digital asset economy.
The FCA's decision to permit retail access to BTC and ETH ETNs mandates an immediate review of UK distribution and marketing compliance frameworks for regulated financial institutions.
This staff relief operationalizes crypto custody for RIAs and RICs, formalizing state-chartered trust companies as qualified custodians under the Custody Rule.
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