CASP regulatory scrutiny refers to the close examination and oversight applied by authorities to Crypto-Asset Service Providers. This regulatory attention aims to ensure compliance with anti-money laundering, counter-terrorist financing, and consumer protection laws. It involves assessing operational procedures, internal controls, and adherence to licensing requirements. The scrutiny seeks to mitigate risks associated with digital asset activities.
Context
CASP regulatory scrutiny is intensifying globally, driven by efforts to standardize digital asset markets and prevent illicit financial activities. Jurisdictions like the European Union, with its MiCA regulation, are implementing comprehensive frameworks to supervise these entities. A critical discussion point is balancing regulatory oversight with fostering innovation within the digital asset sector. Future developments include more harmonized international standards and advanced supervisory technologies.
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