Information Sharing Schemes

Definition ∞ Information sharing schemes are structured arrangements where organizations or entities exchange data and intelligence to achieve common objectives, such as enhancing security or preventing financial crime. These schemes define protocols for data exchange, privacy safeguards, and participant responsibilities. They foster collective defense against various threats.
Context ∞ Within the digital asset ecosystem, information sharing schemes are becoming increasingly important for combating illicit activities like fraud, money laundering, and terrorist financing. Regulatory bodies and industry participants advocate for improved data exchange among virtual asset service providers to identify and mitigate risks across decentralized networks. Such cooperation is vital for maintaining market integrity and trust.