Cross-sectorial rules are regulatory frameworks designed to apply uniformly across various industries or financial sectors rather than being specific to a single domain. These rules aim to harmonize standards, reduce regulatory arbitrage, and address risks that may transcend traditional industry boundaries. Their application promotes consistency and coherence in oversight, particularly for novel activities or entities that operate across different market segments. Such regulations help ensure a level playing field.
Context
Cross-sectorial rules are increasingly relevant in crypto news as digital assets blur the lines between traditional finance, technology, and other sectors. Regulators are debating how to apply existing financial regulations, like anti-money laundering or consumer protection laws, to crypto service providers. The challenge involves adapting these broad rules to the unique characteristics of blockchain technology and digital asset markets, aiming for comprehensive and consistent oversight.
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