«As there is no central operator,» he points out, «the network participants are responsible for implementing local regulatory requirements, including KYC [Know Your Client], AML filtering, etc., as required by the respective banking regulators or other authorities.» (gfmag.com)
There is also likely to be an EU definition for energy storage, although tighter definitions will be needed in local jurisdictions for electricity storage to meet exacting local regulatory requirements. (energy-storage.news)
When The Am Law Daily put this to Kalis, he responded by correctly pointing out that certain local regulatory requirements dictate that international firms operate through multiple partnership structures. (amlawdaily.typepad.com)