Definition ∞ Operationalizing law refers to the practical implementation and enforcement of legal statutes and regulations within an industry or system. This involves translating abstract legal principles into concrete procedures, compliance requirements, and actionable policies. It bridges the gap between legal theory and real-world application. This process ensures that legal mandates are effectively observed and upheld.
Context ∞ For digital assets, operationalizing law is a critical challenge as regulators seek to apply existing legal frameworks or create new ones for a rapidly evolving technology. This involves establishing clear guidelines for digital asset exchanges, custodians, and decentralized autonomous organizations. The industry watches for regulatory sandboxes and pilot programs designed to test practical approaches to compliance.
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