Definition ∞ A joint agency statement is a formal declaration or guidance issued collaboratively by multiple governmental or regulatory authorities concerning a specific policy, interpretation, or area of concern. In the digital asset sphere, these statements often address unified regulatory approaches to cryptocurrencies, blockchain technology, or related financial activities. They aim to provide consistent clarity and direction to the market.
Context ∞ Joint agency statements are highly significant for clarifying regulatory positions on digital assets, especially when various agencies possess overlapping jurisdictional mandates. These pronouncements assist in shaping market conduct and compliance initiatives by offering a consolidated perspective on official expectations. They reduce regulatory ambiguity.
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