Definition ∞ Cross-border payment rules are the regulations and protocols governing financial transfers between different countries. These rules address aspects such as anti-money laundering, counter-terrorist financing, data privacy, and foreign exchange controls. Their purpose is to ensure secure, compliant, and efficient international transactions.
Context ∞ Digital assets and blockchain technology are increasingly discussed as potential solutions for improving the speed and cost-effectiveness of cross-border payments, yet they face hurdles in aligning with existing international payment rules. Regulators are evaluating how to adapt current frameworks or create new ones to govern digital asset transfers across national borders, aiming for global consistency and risk reduction.