Global Regulatory Framework

Definition ∞ A global regulatory framework refers to a unified set of rules and standards for governing an activity across multiple jurisdictions worldwide. In the digital asset space, this involves international cooperation to establish consistent regulations for cryptocurrencies, blockchain platforms, and crypto-asset service providers. Such a framework aims to prevent regulatory arbitrage, ensure market stability, and protect consumers on a worldwide scale. It seeks to harmonize diverse national approaches to digital asset oversight, creating a predictable operating environment.
Context ∞ The absence of a comprehensive global regulatory framework for digital assets remains a significant challenge for industry participants and policymakers alike. Discussions often center on the need for coordinated international action to address issues like market integrity, financial stability, and cross-border enforcement. News frequently reports on efforts by international bodies, such as the Financial Stability Board or G20, to develop common standards and recommendations.