Definition ∞ Peer-to-peer transferability is the ability to directly send digital assets between individuals without the requirement of an intermediary institution. This fundamental characteristic of many cryptocurrencies permits censorship-resistant and often lower-cost transactions. It underpins the decentralized nature of blockchain networks, allowing users direct control over their funds.
Context ∞ Peer-to-peer transferability remains a core principle and benefit of many digital assets, distinguishing them from traditional financial instruments. News often highlights the efficiency and accessibility this feature provides, particularly in regions with underdeveloped banking infrastructure. However, regulatory bodies are increasingly examining these transfers for compliance with anti-money laundering requirements.
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