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Policy Management

Definition

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.