Definition ∞ A policy overhaul signifies a comprehensive and fundamental revision of existing rules or guidelines. This extensive review and restructuring of a policy framework aims to address systemic issues, adapt to new circumstances, or achieve different objectives. In the digital asset space, a policy overhaul might involve governments or regulatory bodies completely rethinking their approach to cryptocurrency regulation, moving from fragmented rules to a unified, forward-looking strategy. Such changes have far-reaching impacts on the industry.
Context ∞ The prospect of a policy overhaul for digital assets is a constant source of news and discussion among market participants and regulators globally. Many jurisdictions currently operate with piecemeal regulations, leading to calls for more coherent and comprehensive approaches. The debate centers on the scope of such overhauls, balancing innovation support with consumer protection and financial stability concerns.
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