Global Regulatory Frameworks

Definition ∞ Global regulatory frameworks are comprehensive sets of rules and guidelines established by international bodies or across multiple jurisdictions to govern specific activities. In the digital asset sphere, these frameworks aim to standardize how cryptocurrencies and blockchain technology are treated legally. Their purpose is to prevent illicit activities, protect consumers, and ensure financial stability. Harmonization of these rules is a major ongoing effort.
Context ∞ The development of global regulatory frameworks for digital assets is a dominant theme in international financial policy discussions. Organizations like the Financial Action Task Force (FATF) play a key role in advocating for consistent rules worldwide. News often reports on cross-border initiatives and proposed regulations designed to create a unified approach to governing the rapidly evolving crypto market.