CASP obligations refer to the regulatory duties imposed upon Crypto-Asset Service Providers. These duties typically include adherence to anti-money laundering (AML) and counter-terrorist financing (CTF) regulations, customer due diligence (CDD), and transaction monitoring. Providers must often register with financial authorities and comply with specific reporting requirements. The objective is to mitigate illicit financial activities within the digital asset economy.
Context
Regulatory bodies globally are increasingly formalizing CASP obligations to enhance oversight and consumer protection in the crypto sector. News frequently covers new legislation or enforcement actions related to these requirements, particularly in jurisdictions implementing comprehensive crypto-asset frameworks. Compliance with these obligations is a significant operational and legal consideration for businesses operating with digital assets.
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