Regulatory Chartering

Definition ∞ Regulatory chartering involves the process by which a governmental authority grants official permission and establishes the operational scope for a financial institution or entity. In the digital asset sector, this pertains to obtaining licenses or approvals for activities like issuing stablecoins, operating crypto exchanges, or providing custodial services. It formalizes an entity’s legal standing and obligations.
Context ∞ The pursuit of regulatory chartering is a prominent theme in news covering the maturation of the digital asset industry. Financial institutions are increasingly seeking these approvals to operate within established legal frameworks. Debates often address the specific requirements for digital asset charters and how they align with existing financial regulations.