ECB publishes response to EC’s MiCAR review, calling for stronger AML/CFT safeguards, greater AMLA oversight of crypto firms and tighter controls on self-hosted wallets

It recommends a greater role for AMLA in supervising crypto firms, stronger safeguards for stablecoins and measures to address the ML/TF risks associated with self-hosted wallets. The ECB also calls for the EU’s crypto framework to better reflect evolving risks, including DeFi, crypto lending and staking, while ensuring consistent AML/CFT obligations across the sector…