A consumer safeguard is a protective measure put in place to defend individuals using products or services. It aims to secure users against potential harms, including financial loss or data compromise. Such a measure promotes equitable treatment and responsible conduct from market participants.
Context
The implementation of consumer safeguards within the cryptocurrency sector remains a prominent regulatory discussion. Governments and industry bodies are evaluating how best to apply existing financial protections or create new ones specific to digital assets. This ongoing dialogue seeks to mitigate risks for participants while supporting responsible innovation in the digital economy.
The proposal mandates DeFi front-end registration and KYC integration, structurally altering the operational risk profile for all decentralized platforms.
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