Single Rulebook Application

Definition ∞ Single Rulebook Application refers to the principle or practice of applying a uniform set of regulatory standards and guidelines across an entire industry or jurisdiction. In finance, this aims to harmonize compliance requirements, reduce regulatory arbitrage, and ensure consistent oversight for all market participants. For digital assets, it seeks to establish a consistent legal framework that applies equally to various crypto-related activities and entities. This approach promotes regulatory clarity and market stability.
Context ∞ News about cryptocurrency regulation often discusses the concept of a Single Rulebook Application, particularly in regions like the European Union with its Markets in Crypto-Assets (MiCA) regulation. The objective is to provide a cohesive regulatory environment that fosters innovation while mitigating risks associated with fragmented oversight. Implementing a single rulebook is viewed as crucial for attracting institutional investment and ensuring fair competition within the global digital asset landscape.