Definition ∞ FSA Oversight refers to the regulatory supervision and enforcement activities conducted by a Financial Services Authority or similar governmental body. This authority monitors financial markets and institutions to ensure compliance with laws and regulations. Its purpose is to protect consumers, maintain market integrity, and prevent financial crime.
Context ∞ Various national FSAs are increasingly extending their oversight to the digital asset sector, recognizing the growing importance and potential risks of cryptocurrencies. This involves establishing licensing requirements, anti-money laundering protocols, and consumer protection guidelines for crypto businesses. The scope and effectiveness of FSA oversight remain a key discussion point in global cryptocurrency regulation.
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