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EUAMLAStatementCompliance

AMLA: AML/CFT priorities for the MiCA review

Jurisdiction
European Union
Regulator
AMLA
Published
Updated

What changed

AMLA published its response to the European Commission's targeted consultation on the review of MiCA, focusing on five areas: staking, lending and borrowing; DeFi arrangements; unauthorized stablecoins; certain asset-referenced token issuers not considered obliged entities under the AML/CFT framework; and cross-border supervision of service providers. AMLA suggests the Commission consider targeted amendments or clarifications, including reviewing whether certain token issuers should fall within AML/CFT rules.

Matters for

Service providers subject to cross-border supervision and issuers of certain asset-referenced tokens that are currently not considered obliged entities under the AML/CFT framework.

Read the source: AMLA amla.europa.eu

Related items

EU · ESMA · StatementESMA published a new question and answer (2949) on the use by crypto-asset service providers (CASPs) of payment accounts provided by non-bank payment service providers for holding clients' funds. The page lists only the title of the Q&A, not its content.EU · EBA · DecisionThe EBA has classified USDC, issued by Circle Internet Financial Europe SAS, as a significant e-money token (EMT) under MiCA, after assessing the criteria set out in the Regulation. It is the first EMT classified as significant among the 45 EMTs notified under MiCA.EU · ESMA · StatementESMA published an opinion setting out supervisory expectations for crypto-asset services involving ARTs and EMTs that do not comply with MiCA. ESMA says CASPs authorised under MiCA should cease providing such services to clients in the EU, across the full range of MiCA crypto-asset services, including trading platforms, exchange, transfers and custody.

This is an educational overview, not legal, tax or investment advice. Always check the primary source and consult a qualified professional before making decisions. XYrails is an independent publication and is not affiliated with any company the author works for.