Policy management is the systematic process of developing, implementing, and overseeing rules, guidelines, and procedures within an organization or a decentralized system. In the context of digital assets, this involves defining parameters for risk mitigation, compliance with regulatory standards, and operational efficiency for crypto-asset service providers or blockchain protocols. Effective policy management ensures consistent adherence to objectives and adapts to evolving market and regulatory conditions. It is crucial for maintaining stability and trust.
Context
Policy management is a critical and growing concern for crypto businesses and decentralized autonomous organizations alike, especially with increasing regulatory scrutiny. News often highlights how companies are adapting internal policies to meet new compliance requirements, such as those under MiCA. For DAOs, the challenge involves designing and updating on-chain policies through governance mechanisms to address operational and security needs.
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