Definition ∞ Unlicensed activity refers to conducting business operations or providing services that require specific authorization or a license from a regulatory authority, but doing so without possessing the necessary permission. In the digital asset sector, this often pertains to exchanges, custodians, or other financial service providers operating without the required registrations or licenses. Such activity poses significant risks to consumers and market integrity. It can lead to severe penalties and regulatory enforcement actions.
Context ∞ Combating unlicensed activity is a primary objective for financial regulators globally, particularly in the rapidly evolving digital asset market. A key discussion involves identifying the precise thresholds and types of crypto services that necessitate licensing in different jurisdictions. Future enforcement actions are expected to intensify, with regulators seeking to protect consumers and prevent illicit financial flows by targeting non-compliant entities.
Blockchain Knowledge
Cryptocurrency Foundation
Cryptospace Newsfeed
