Definition ∞ Intermediary registration involves the formal listing and authorization of entities that facilitate digital asset transactions or services by regulatory bodies. This process aims to ensure these intermediaries, such as exchanges or custodians, adhere to established legal and operational standards. Registration helps protect consumers, prevent market manipulation, and combat illicit financial activities. It is a critical step towards regulatory clarity and legitimacy within the digital asset sector.
Context ∞ The ongoing discussion concerning intermediary registration in the digital asset space highlights the global push for greater regulatory oversight and consumer protection. A key debate involves determining the appropriate level of regulation for different types of intermediaries without stifling innovation. Future developments will likely include the establishment of clearer, more standardized registration frameworks across jurisdictions, potentially leading to increased institutional participation and a more regulated digital asset market.
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