Cross-jurisdictional rules are regulations that extend across multiple legal or governmental territories. These rules address activities or entities operating in more than one jurisdiction. Their purpose is to harmonize regulatory approaches and prevent arbitrage or gaps. Such frameworks are particularly relevant for global industries.
Context
In digital asset news, cross-jurisdictional rules are a central discussion point due to the borderless nature of cryptocurrencies and blockchain. Regulators worldwide seek common standards for anti-money laundering, consumer protection, and market oversight. The development of consistent international rules is crucial for preventing regulatory fragmentation and fostering global market stability.
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