Compliance relief denotes a temporary or permanent exemption, modification, or waiver from specific regulatory obligations granted by an authoritative body. This provision aims to lessen the burden of adherence for entities facing unique circumstances, fostering innovation or mitigating undue hardship. It provides flexibility within a regulated environment, often with conditions attached.
Context
For digital asset businesses, compliance relief could involve extensions for reporting deadlines, adjustments to licensing requirements, or temporary waivers from certain financial regulations. These measures are sometimes sought or granted to allow nascent technologies or business models to develop without immediate, full regulatory constraints. The discussion around compliance relief often balances regulatory oversight with the need to support technological advancement in the crypto space.
The SEC's procedural relief for traditional markets codifies the fair-notice defense, strategically shifting the burden in digital asset enforcement litigation.
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