# Ideas for Smart, Prudent Regulation

To support industry growth while protecting consumers, regulators could:

* Introduce tiered KYC for low-risk, small-value transactions to improve accessibility.
* Create reciprocal licensing agreements between countries to simplify cross-border operations.
* Standardize crypto custody rules, ensuring asset safety while enabling competition.
* Mandate transparent fee structures for both fiat and crypto services to protect consumers.
* Encourage sandbox regulatory environments for testing innovative cross-asset products.