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Policy remedies should place extra emphasis on educating market actors all-around significant threats in copyright plus the function of cybersecurity even though also incentivizing higher safety criteria.
Nevertheless, matters get challenging when just one considers that in The us and most nations around the world, copyright remains to be mainly unregulated, and the efficacy of its existing regulation is frequently debated.
As well as US regulation, cooperation and collaboration?�domestically and internationally?�is very important, notably offered the minimal option that exists to freeze or Get well stolen funds. Efficient coordination between market actors, federal government agencies, and law enforcement should be A part of any endeavours to reinforce the security of copyright.
Policymakers in America should similarly make use of sandboxes to try to read more find more effective AML and KYC solutions with the copyright space to make sure efficient and efficient regulation.