Definition ∞ CASP Requirements refer to the specific obligations and standards that Crypto-Asset Service Providers must adhere to under relevant legal frameworks. These requirements typically include licensing, capital adequacy, consumer protection measures, and adherence to anti-money laundering (AML) and counter-terrorist financing (CTF) protocols. Compliance ensures that CASPs operate within established regulatory boundaries.
Context ∞ The evolving landscape of CASP Requirements is a central topic in current digital asset regulation, particularly with the implementation of frameworks like MiCA in the European Union. Discussions often involve the practical challenges for smaller entities in meeting these stringent demands and the potential for regulatory arbitrage across different jurisdictions. Future considerations include the application of these requirements to emerging DeFi services and the development of standardized reporting mechanisms.
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