EBA outlines role of ‘central contact point’ in curbing crimes

Quick Summary:

To uphold financial stability, the EBA issued a draft RTS defining the role of CCPs in mediating CASPs' and member states' crypto transactions.

The post EBA outlines role of central contact point’ in curbing crimes appeared first on CoinGeek.

Another provision requires CCPs to respond to any request made by competent authorities—the local relevant regulators and enforcement agencies—related to its appointing company’s activity, including providing information held by the company and reporting regularly where appropriate.

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Article Details

Author / Journalist: James Field

Category: Crypto

Markets: CanadaIndiaSaudi Arabia

Topics: Terrorism Financing Anti-Money Laundering Crime Europe Regulatory Technical Standards Regulation European Banking Authority Markets in Crypto Assets European Union MiCA Money Laundering Business

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-02 @ 07:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 878 words

Reading Time: 5 minutes read

Sentences: 28 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 28318005

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