Definition ∞ Global Business pertains to commercial activities conducted across national borders, involving the exchange of goods, services, capital, and information worldwide. This scope includes international trade, foreign direct investment, and multinational operations. In the context of digital assets, it relates to the adoption of cryptocurrencies and blockchain technology for cross-border payments, trade finance, and international value transfer. Digital assets aim to streamline these global operations.
Context ∞ Digital assets are increasingly viewed as tools to improve the efficiency and accessibility of global business operations, particularly for cross-border transactions. The potential for faster, cheaper, and more transparent international payments is a key driver for corporate adoption. However, varying international regulations and compliance requirements pose significant challenges for universal integration into global business frameworks.
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