A global compliance standard represents a set of internationally recognized rules, guidelines, and best practices that organizations must follow to meet legal and regulatory requirements across different jurisdictions. In the context of digital assets, these standards aim to address issues such as anti-money laundering, counter-terrorist financing, and data protection. They promote uniformity and reduce regulatory arbitrage.
Context
The pursuit of a global compliance standard for digital assets is a central theme in international regulatory discussions, seeking to harmonize diverse national approaches. Key debates involve balancing innovation with risk mitigation and establishing common definitions for various digital asset classes. Future developments in this area will significantly influence the global adoption and institutional acceptance of cryptocurrencies.
Japan's FSA is moving crypto to the FIEA perimeter, mandating new disclosures and market abuse controls to align digital assets with traditional securities law.
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