Definition ∞ 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.
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