A DASP Compliance Framework outlines the regulatory requirements and operational procedures for Digital Asset Service Providers. These guidelines ensure adherence to anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. The framework mandates specific reporting and verification protocols for entities handling digital assets. Its objective is to mitigate financial crime risks within the digital asset sector.
Context
The implementation and enforcement of DASP compliance frameworks are a critical area for global financial regulators. A key discussion point involves harmonizing these regulations across different jurisdictions to prevent regulatory arbitrage. Future developments will focus on adapting these frameworks to rapid technological advancements in digital assets.
The new framework mandates 100% high-liquidity reserves and ₩5B minimum capital, setting a high-water mark for global stablecoin legitimacy and operational rigor.
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