National implementation gaps refer to discrepancies or deficiencies in how individual countries adopt and enforce international standards or recommendations. These gaps arise when national laws or regulatory practices do not fully align with global guidelines, such as those set for anti-money laundering or financial stability. Such inconsistencies can create opportunities for regulatory arbitrage and hinder effective global governance. They often concern the application of crypto asset regulations.
Context
News reports often highlight national implementation gaps in the context of global efforts to regulate crypto assets, for example, the FATF travel rule. These differences can lead to uneven playing fields for businesses and create safe havens for illicit activities. International organizations continuously press for greater harmonization and more consistent national application of agreed-upon standards.
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.
