Legal authorization is official permission granted by a legal or regulatory authority to perform a specific activity or operate a business. This authorization confirms compliance with applicable laws and regulations. It is a fundamental requirement for legitimacy and legal operation within regulated sectors.
Context
Obtaining legal authorization is a central theme in crypto news, particularly as jurisdictions worldwide establish licensing regimes for digital asset service providers. Companies frequently announce successful acquisitions of such authorizations, signaling their compliance and ability to operate legally. The absence of proper legal authorization often leads to enforcement actions and operational cessation.
CASPs must update product offerings and compliance frameworks immediately; the March 31 deadline forces a systemic re-evaluation of EU stablecoin liquidity.
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