Definition ∞ A self-certification process permits an entity to declare its compliance with specific standards or regulations without requiring external approval. This method places the responsibility for adherence directly on the individual or organization, often involving attestations or declarations that their products or services meet predefined criteria. While it can streamline administrative procedures, it typically requires robust internal controls and mechanisms for accountability. Regulators may still conduct audits or investigations to verify the accuracy of such claims.
Context ∞ The concept of a self-certification process is gaining attention in the digital asset space as a potential means to accelerate innovation while maintaining a degree of oversight. Discussions frequently explore its applicability for certain types of tokens or decentralized applications, balancing the burden of compliance with market efficiency. Debates concern the trustworthiness of self-attestation versus the need for third-party verification. Future regulatory frameworks might incorporate self-certification for specific, lower-risk activities, subject to strict post-hoc auditing.
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