Definition ∞ A full license grants complete authorization for a business to operate without significant restrictions within a specific regulatory framework. In the context of digital assets, this typically means an entity has satisfied all stringent requirements imposed by a regulatory authority, allowing it to offer a comprehensive suite of services. This contrasts with provisional or limited licenses, which may impose restrictions on operations, asset types, or client demographics. Obtaining a full license often signifies a higher level of trust and regulatory approval.
Context ∞ The pursuit of a full license is a key objective for many cryptocurrency firms seeking to expand their services and gain greater acceptance from traditional financial sectors. Jurisdictions are increasingly differentiating between various license types, reflecting a maturing regulatory approach to digital assets. Achieving a full license can significantly impact a company’s market position and its ability to engage with institutional clients.
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