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DASP Compliance Framework

Definition ∞ A DASP Compliance Framework outlines the regulatory requirements and operational procedures for Digital Asset Service Providers. These guidelines ensure adherence to anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. The framework mandates specific reporting and verification protocols for entities handling digital assets. Its objective is to mitigate financial crime risks within the digital asset sector.
Context ∞ The implementation and enforcement of DASP compliance frameworks are a critical area for global financial regulators. A key discussion point involves harmonizing these regulations across different jurisdictions to prevent regulatory arbitrage. Future developments will focus on adapting these frameworks to rapid technological advancements in digital assets.

A modern office environment partially submerged in water and ethereal clouds, symbolizing a transformative shift. Prominently, concentric, translucent blue rings emerge from the liquid, suggesting intricate blockchain network architecture or DeFi protocol layers. These rings represent scalability solutions like Layer 2 rollups or the interconnectedness of dApps within a Web3 ecosystem. The surrounding mist and water denote market liquidity dynamics and volatile sentiment, impacting digital asset valuations. This visual metaphor encapsulates the complex interplay of on-chain governance and protocol composability in a rapidly evolving decentralized finance landscape.

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South Korea Finalizes Stablecoin Law Mandating Full Reserves and Issuer Licensing

The new framework mandates 100% high-liquidity reserves and ₩5B minimum capital, setting a high-water mark for global stablecoin legitimacy and operational rigor.