What are crypto asset specific rules?
Could you elaborate on the concept of crypto asset specific rules? I'm interested in understanding how these rules differ from traditional financial regulations. Do they focus on the unique characteristics of cryptocurrencies, such as decentralization and anonymity? What kind of regulatory frameworks are typically implemented to govern the issuance, trading, and use of crypto assets? Are there any specific jurisdictions or regions that have pioneered these rules, and what are some of the key elements they cover? Additionally, how do these rules balance the need for protecting investors while also encouraging innovation and growth in the crypto industry?