Mandatory Reporting

Definition ∞ Mandatory reporting refers to legal or regulatory obligations that compel individuals or organizations to disclose specific information to authorities. These requirements are typically implemented to ensure transparency, monitor compliance, prevent illicit activities, or protect public interests. Non-compliance with mandatory reporting rules can result in penalties or legal consequences. It forms a vital component of regulatory oversight across various sectors.
Context ∞ Mandatory reporting is a prominent theme in crypto news, particularly concerning anti-money laundering (AML) and know-your-customer (KYC) regulations for digital asset service providers. News often discusses new requirements for crypto exchanges to report suspicious transactions or large holdings to financial intelligence units. The debate frequently involves balancing regulatory demands for transparency with the privacy principles often associated with decentralized technologies.

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→Regulatory Technical Standards

European Union Finalizes MiCA Market Abuse Rules Mandating New Surveillance Standards

CASPs must immediately integrate MiCA's final Regulatory Technical Standards into surveillance and cross-border reporting systems to ensure compliance.