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Glossary

Responsive Regulation Pyramid

A regulatory framework proposed by Ayres and Braithwaite that escalates state enforcement responses based on the regulated agent's behavior, ranging from cooperation at the base to severe sanctions at the top.

Source: Beyond Kelsen and the Boi Gordo Case: The Pyramid of Responsive Regulation as a New Paradigm for Cryptoactives in the Brazilian Capital Markets (Academic research) · p.10

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