Definition ∞ Standardized information requirements refer to uniform rules or specifications dictating the type, format, and method of data collection and exchange across different entities or systems. These standards simplify data processing, enhance interoperability, and ensure consistent compliance with regulations. They are critical for efficient and transparent operations.
Context ∞ The need for standardized information requirements is particularly acute in the digital asset sector, especially concerning anti-money laundering (AML) and know-your-customer (KYC) regulations. Regulators and industry participants are actively working towards common data formats and protocols to facilitate secure and compliant information sharing among Virtual Asset Service Providers.
Blockchain Knowledge
Cryptocurrency Foundation
Cryptospace Newsfeed
