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Tackling the misuse of crypto-assets for ML-TF purposes

person holds a cold wallet at the Bitcoin cultural center
Photo: Ricardo Ceppi/Getty Images)

MiCAR has been amended to extend the scope of the AML-CTF framework to include crypto-asset service providers.

As a constantly evolving sector, the cryptoassets ecosystem presents continuous challenges, particularly in terms of money laundering and terrorist financing (ML-TF) risks.

To tackle the misuse of crypto-assets for ML-TF purposes, it is necessary to subject players active in this sector to anti-money laundering and counter terrorist financing (AML-CTF) supervision.

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