Definition ∞ Safe harbors are legal provisions that offer protection from liability under certain conditions, typically related to regulatory compliance or the actions of third parties. They provide a degree of certainty by outlining specific requirements that, if met, shield individuals or entities from penalties. These provisions are often established by legislation or regulatory guidance.
Context ∞ In the digital asset space, the concept of safe harbors is a focal point of regulatory discussions, particularly concerning how existing securities laws might apply to new digital instruments and platforms. Jurisdictions are exploring whether to establish safe harbor provisions for token issuers or exchanges to foster innovation while managing risks. Understanding these provisions is crucial for interpreting regulatory pronouncements and assessing the legal landscape for digital asset businesses and their compliance obligations.
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