Definition ∞ Cross-Border Digital Assets are digital representations of value or rights that are transferred or held across different national jurisdictions. These assets leverage blockchain technology to facilitate efficient and immutable transfers without traditional intermediaries. Their movement transcends conventional financial boundaries and geographical limitations.
Context ∞ The regulation of cross-border digital assets presents complexities due to the divergence of national legal frameworks and jurisdictional challenges. Discussions focus on establishing harmonized international standards to manage associated risks, ensure compliance, and facilitate legitimate transactions. The development of unified global policies is a critical objective.
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