A compliance standard comprises a set of rules, regulations, and best practices that organizations must follow to meet legal, ethical, and industry requirements. These standards ensure operational integrity, protect consumers, and prevent illicit activities. In the digital asset space, compliance standards address areas like anti-money laundering, know-your-customer, and data security. Adherence is vital for maintaining regulatory standing and market trust.
Context
Compliance standards are a constant topic in crypto news, particularly concerning regulatory actions and the growth of institutional participation. Debates often involve tailoring existing financial regulations to the unique properties of blockchain technology and digital assets. Future developments include the creation of more harmonized global compliance frameworks and the integration of automated, on-chain compliance tools.
The expanded tokenization service for ACH and RTP networks drastically lowers fraud vectors, securing high-volume payments and open banking data integrity.
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