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Policy Overhaul

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.