Existing Rules denote the established laws, regulations, and policies currently in effect within a specific jurisdiction or industry. These rules govern various aspects of conduct, operations, and market activity. They provide a framework for compliance and enforcement actions. Understanding these rules is fundamental for any entity operating within regulated sectors.
Context
The application of existing rules to digital assets presents a significant challenge for regulators globally. Many current statutes were not designed with blockchain technology or decentralized finance in mind. Debates often center on whether digital assets fit neatly into traditional categories or if new legislative frameworks are required. Future regulatory actions will likely involve either adapting these rules or creating specific ones for the digital asset ecosystem.
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