Compliance uniformity refers to the consistent application of regulatory rules and standards across different jurisdictions or entities within the digital asset sector. This concept seeks to eliminate disparities in legal interpretations and enforcement, providing a clearer operational landscape for businesses. It aims to reduce regulatory arbitrage and foster a more predictable environment for market participants.
Context
The current state of compliance uniformity in crypto is highly fragmented, with varying regulations globally presenting significant challenges for international digital asset firms. A key debate revolves around the feasibility of creating global standards versus harmonizing regional approaches. Critical future developments include increased international cooperation among regulators and the potential for standardized technical solutions to aid in cross-jurisdictional compliance reporting.
Decentralized MiCA authorization has created supervisory arbitrage, compelling ESMA to advocate for centralizing all CASP oversight to ensure single-market integrity.
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