EU extends 'central contact point' rule to crypto asset service providers
44 minutes ago
Last week, the European Commission adopted an enabling act expanding the Central Contact Point (CCP) framework—previously applicable only to e-money institutions and payment institutions—to Crypto Asset Service Providers (CASPs). This allows member state regulators to require locally operating crypto trading platforms and other such entities to designate local contacts. The revised CASPs are integrated into the anti-money laundering (AML) and compliance regulatory liaison network, giving regulators a fixed on-ground point of contact within their jurisdictions and strengthening information sharing and law enforcement cooperation.
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