Global cooperation signifies coordinated action and mutual understanding among nations or international bodies regarding specific issues. In the context of digital assets, it pertains to collaborative efforts by governments and regulatory agencies to address cross-border challenges, such as illicit finance, consumer protection, and market integrity. Such collaboration seeks to establish consistent international standards.
Context
The necessity for global cooperation in regulating digital assets is a recurring theme in international financial discourse. News reports often detail discussions among global bodies like the Financial Stability Board and the Financial Action Task Force concerning harmonized approaches. The absence of unified global rules presents challenges for both innovation and risk mitigation in the digital asset sector.
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