A CASP Compliance Framework outlines the rules and procedures for crypto-asset service providers to meet regulatory requirements. This framework details the operational and legal guidelines that entities offering services related to virtual assets must observe, including anti-money laundering and know-your-customer provisions. It addresses aspects such as data security, consumer protection, and the prevention of illicit financial activities. Adherence to such a framework is essential for legal operation within specific jurisdictions.
Context
The development of robust CASP compliance frameworks is a central theme in global financial regulation, particularly with the European Union’s MiCA regulation. Jurisdictions worldwide are working to establish similar standards to manage risks associated with virtual asset activities. Firms are actively adapting their internal controls to align with these evolving regulatory expectations.
The DORA framework imposes a unified, architectural standard for ICT risk management, fundamentally recasting operational resilience as a core compliance function for CASPs.
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