This denotes a set of rules, agreements, or protocols governing interactions and transactions that span across different national jurisdictions. For digital assets, it addresses how transactions, regulations, and operational entities function when involving participants or assets located in multiple countries. It is vital for facilitating global digital asset commerce and managing international regulatory disparities.
Context
The development and discussion of cross-border frameworks are central to the global adoption and regulation of digital assets. International bodies and national governments are debating how to harmonize regulations concerning stablecoins, digital asset exchanges, and cross-border payments. The absence of a universally accepted framework presents challenges for businesses operating internationally, leading to fragmented approaches and potential regulatory arbitrage.
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