Uniform application refers to the consistent and standardized execution of rules, policies, or technical specifications across different contexts or entities. In the digital asset realm, this implies that regulations, compliance procedures, or protocol standards are applied identically, regardless of the specific platform or jurisdiction. It aims to create predictability and fairness.
Context
The pursuit of uniform application is a significant challenge in the global digital asset landscape, where varying national laws and technical implementations create fragmentation. A key debate involves the practicalities of achieving such uniformity, particularly concerning cross-border transactions and diverse technological stacks. Future developments will likely involve international bodies and industry consortia working to establish common guidelines and technical standards to facilitate a more uniform operational environment.
Decentralized MiCA authorization has created supervisory arbitrage, compelling ESMA to advocate for centralizing all CASP oversight to ensure single-market integrity.
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