The formal consent granted by a governing body or regulatory authority for a particular activity or product. In the context of digital assets, this typically involves meeting specific legal and operational requirements set forth by financial regulators. Such approval signifies that the asset or service has undergone a review process and is deemed compliant with applicable laws.
Context
The process of obtaining regulatory approval is a significant hurdle for many digital asset projects seeking mainstream acceptance and institutional backing. News concerning regulatory approvals or rejections often dictates market direction and influences investor sentiment. The evolving nature of these approvals highlights the dynamic relationship between innovation and oversight in the digital asset space.
The SEC's no-action relief operationalizes institutional digital asset custody by clarifying the "qualified custodian" status for state-chartered trust companies.
New DLT Trading and Settlement System license enables a full-stack replacement of traditional IPO and clearing infrastructure, dramatically reducing capital friction for SMEs.
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