Definition ∞ CASP oversight refers to the regulatory supervision applied to Crypto-Asset Service Providers. This supervision ensures that entities dealing with digital assets adhere to established legal and financial standards. It covers aspects such as anti-money laundering compliance, consumer protection, and operational resilience. Effective oversight aims to mitigate risks associated with the crypto market and promote stability.
Context ∞ News about CASP oversight frequently concerns new regulations, such as the European Union’s MiCA framework, which seeks to standardize rules across jurisdictions. Regulators globally are working to define the scope and responsibilities of CASPs, leading to debates about appropriate levels of intervention. The implementation of robust CASP oversight is considered essential for mainstream adoption of digital assets and investor protection.
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