Global best practice refers to a set of standards, methods, or procedures that are recognized internationally as superior or most effective in a particular industry or domain. In the digital asset sector, this pertains to optimal approaches for security, compliance, operational efficiency, and risk management. Adherence to these practices promotes industry integrity and user protection.
Context
The evolving regulatory landscape for digital assets often highlights the pursuit of global best practice to harmonize rules and foster market maturity. News reports frequently discuss how jurisdictions are adopting or adapting international recommendations from bodies like the Financial Action Task Force (FATF). Establishing consistent global standards for digital asset businesses remains a significant challenge and a continuous point of discussion.
Firms operating digital asset platforms or tokenized custody services must secure an Australian Financial Services Licence, fundamentally altering compliance architecture.
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