A cryptoasset framework establishes a structured set of rules, guidelines, or principles governing the classification, regulation, and operation of digital assets. This framework provides clarity for market participants, developers, and regulators on how different types of cryptocurrencies and tokens are treated. It helps define legal obligations and permissible activities within the digital asset space.
Context
The current discussion around cryptoasset frameworks centers on achieving regulatory consistency across jurisdictions while adapting to the rapid pace of technological advancement. A key debate involves whether existing financial regulations are suitable for digital assets or if new, tailored approaches are required. A critical future development involves the creation of internationally harmonized standards to support global market stability.
The UK's new draft legislation integrates cryptoassets into existing financial regulation, mandating full authorization for key digital asset activities.
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