Interoperable standards are common technical specifications and protocols that allow different systems, applications, or networks to communicate and function together seamlessly. They ensure compatibility and data exchange without requiring specialized conversions or custom integrations. These standards are essential for creating cohesive and efficient digital ecosystems. Their adoption reduces fragmentation and enhances overall utility.
Context
In the blockchain and digital asset sector, interoperable standards are crucial for addressing the fragmentation among various blockchain networks. Standards like ERC-20 for tokens on Ethereum, or cross-chain messaging protocols, aim to facilitate asset transfers and data exchange between disparate chains. The ongoing push for universal interoperable standards seeks to unlock greater liquidity, foster innovation across decentralized applications, and simplify user experiences, which is a frequent topic in crypto news.
EU CASPs must immediately integrate EBA guidelines into AML/CFT compliance architecture to ensure transaction tracing and meet the December 30, 2024, enforcement deadline.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
