EBA Issues Updated Guidelines for Crypto Asset Service Providers

EBA Issues Updated Guidelines for Crypto Asset Service Providers - Qoneqt

Sonal Shridhar Shinde in Crypto News

EBA Issues Updated Guidelines for Crypto Asset Service Providers

The European Banking Authority (EBA) has released revised guidelines addressing crypto asset service providers, signaling a proactive stance on regulating the evolving digital asset landscape. The updated guidelines aim to enhance consumer protection and market integrity while fostering responsible innovation in the crypto sector. By providing a comprehensive framework, the EBA seeks to ensure that crypto service providers adhere to robust security measures, anti-money laundering (AML) protocols, and risk management standards. This move reflects the regulatory commitment to creating a secure and transparent environment for the growing crypto industry within the European Union.

#EBA #CryptoRegulation #ConsumerProtection #Innovation
Source: Blockchain News

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