Regulatory consistency refers to the application of similar rules, standards, and enforcement approaches across different jurisdictions, asset classes, or market participants within a specific sector. It aims to prevent regulatory arbitrage, reduce compliance burdens, and foster a level playing field for innovation. Achieving consistency helps provide clarity and predictability for businesses operating in complex legal environments. This objective is often pursued through international cooperation.
Context
In the digital asset space, regulatory consistency is a major topic in news concerning global cryptocurrency frameworks and central bank digital currencies. Reports frequently highlight the challenges posed by fragmented regulations across various countries, which can impede cross-border operations and market development. The push for greater regulatory consistency is seen as vital for fostering mainstream adoption and mitigating systemic risks in the evolving digital economy.
The Financial Stability Board's peer review mandates G20 jurisdictions accelerate consistent implementation of Global Stablecoin and CASP regulations to mitigate systemic arbitrage risk.
Global regulators must urgently close compliance gaps in CDA frameworks, particularly concerning cross-border cooperation and emerging business models.
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