Definition ∞ An Operational License is a formal authorization issued by a regulatory authority, permitting a business to conduct specific activities within the digital asset sector. This governmental approval is essential for cryptocurrency exchanges, virtual asset service providers, and other digital asset businesses to legally conduct their operations within a defined jurisdiction. It signifies that the entity meets established regulatory standards for financial stability, consumer protection, anti-money laundering compliance, and cybersecurity protocols. Obtaining and maintaining an operational license is a critical step for market participants seeking legitimacy and regulatory certainty.
Context ∞ The acquisition of Operational Licenses remains a primary objective for many digital asset companies aiming to expand their global reach and assure regulatory compliance. The varied and often disparate licensing requirements across different jurisdictions present a significant challenge for international operators. Discussions frequently focus on efforts to harmonize global regulatory frameworks and the increasing scrutiny applied to license applications, reflecting a maturing but still fragmented regulatory landscape.
Blockchain Knowledge
Cryptocurrency Foundation
Cryptospace Newsfeed
