A state regulatory framework comprises a set of laws, rules, and guidelines established by individual state governments to govern specific industries or activities within their respective jurisdictions. For digital assets, these frameworks dictate licensing, operational conduct, and compliance requirements for cryptocurrency businesses operating within that state. They often complement or precede federal regulations.
Context
State regulatory frameworks present a complex compliance environment for digital asset companies operating across different regions, particularly in countries with decentralized legal systems. The inherent variation in these frameworks frequently prompts calls for more harmonized national or federal approaches to cryptocurrency regulation.
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