Single Rulebook

Definition ∞ A unified set of regulations and supervisory standards applied consistently across a specific financial sector or jurisdiction. In the context of digital assets, a single rulebook aims to provide clarity and coherence by establishing uniform requirements for all participants, regardless of the specific technology or business model employed. This approach reduces regulatory arbitrage, promotes fair competition, and simplifies compliance for firms operating in the digital asset space. It fosters a more predictable and stable operating environment.
Context ∞ The call for a single rulebook for digital assets is a prominent discussion in global regulatory news, as authorities seek to harmonize diverse national and regional approaches to cryptocurrency oversight. Jurisdictions like the European Union are working towards comprehensive frameworks, such as MiCA, to establish consistent rules for crypto-asset service providers. The absence of a globally coordinated single rulebook continues to present challenges for international businesses and cross-border innovation.