Definition ∞ A Critical Service Provider is an entity whose services are essential for the continuous operation and stability of a financial institution or market infrastructure. The failure or disruption of such a provider could have significant adverse effects on the broader financial system. Identifying and managing risks associated with these providers is a regulatory priority. These providers support fundamental operational functions.
Context ∞ The designation of certain entities as critical service providers within the digital asset ecosystem is a key area of regulatory focus, particularly concerning blockchain infrastructure and stablecoin issuers. Authorities are assessing how to supervise these entities to mitigate systemic risks. Debates surround the scope of this classification and the extent of regulatory intervention required.
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