Global governance refers to the collective management of international issues and shared challenges across national borders. In the context of digital assets and blockchain, it pertains to the coordination of regulatory frameworks, technical standards, and policy approaches among various sovereign states and international bodies. This aims to establish common rules and practices for cryptocurrencies, stablecoins, and decentralized finance to mitigate risks and foster innovation on a worldwide scale. It addresses issues like financial stability, consumer protection, and anti-money laundering efforts.
Context
The absence of unified global governance for digital assets presents a significant challenge, with news often highlighting divergent national regulations and their impact on market fragmentation. International organizations are actively working to develop harmonized recommendations and best practices to address cross-border risks and opportunities. The ongoing dialogue seeks to balance national sovereignty with the inherently global nature of blockchain technology.
Sign’s three-tiered architecture leverages ZK-proofs to bridge national-scale digital identity with on-chain certification, unlocking a massive sovereign-to-Web3 adoption vector.
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