Definition ∞ Single market integrity refers to the principle that all participants within a unified economic area operate under consistent rules and conditions. This concept ensures fair competition, prevents regulatory arbitrage, and promotes a level playing field across an entire market region, such as the European Union. It aims to eliminate barriers to trade and services, fostering economic cohesion and stability. Maintaining integrity requires continuous monitoring and harmonization of national regulations.
Context ∞ The European Union’s Markets in Crypto-Assets (MiCA) regulation is a key initiative designed to establish single market integrity for digital assets across its member states. Discussions focus on preventing fragmentation of crypto regulations and ensuring that crypto-asset service providers face consistent requirements regardless of their operating location within the EU. This effort is crucial for fostering a predictable and secure environment for digital asset businesses and consumers.
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