The European Union in order to address AML risks emanating from crypto-asset activities, expanded its legal framework so as to include “crypto-custodian wallet providers” and “crypto exchange service providers” by defining them as obliged entities under AMLD5.

Crypto Asset Services Providers (CASPs) that provide their services in or from Cyprus, qualify as obliged entities within the scope of the AML Law and must therefore abide to their obligations stemming from the AML Law and all relevant CySEC Directives. Click for more.