Phased implementation is a strategy for introducing new systems, regulations, or technologies in stages rather than all at once. This approach allows for gradual rollout, testing, and adjustments based on feedback and observed outcomes. It helps manage complexity, mitigate risks, and provides stakeholders time to adapt to changes. This method is often employed for significant policy shifts or large-scale technological deployments.
Context
Regulatory bodies often consider phased implementation for new digital asset rules to allow the industry time to adapt to complex compliance requirements. A key discussion involves determining appropriate timelines and intermediate milestones for each phase. Future policy announcements may specify staggered effective dates for different aspects of new regulations, offering a more manageable transition for market participants.
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