Regulatory Simplification

Definition ∞ Regulatory simplification is the process of reducing the number, scope, or intricacy of laws, rules, and administrative procedures that govern an industry or activity. The aim is to lessen the compliance burden on businesses, stimulate economic activity, and enhance clarity for market participants. This approach seeks to make legal frameworks more efficient and accessible.
Context ∞ In the digital asset space, regulatory simplification is a frequently discussed objective, particularly as jurisdictions seek to balance innovation with necessary oversight. Streamlining licensing processes, harmonizing international standards, and clarifying legal definitions for various digital assets are key areas of focus. Successful regulatory simplification could accelerate mainstream adoption and reduce operational costs for blockchain companies.