EBA proposes criteria for Crypto-Asset Service Providers to appoint Central Contact Points in each host country to combat ML/TF

The CCP will act as a liaison between crypto businesses and local regulators, ensuring compliance with strict AML and CFT standards. The consultation is open until February 4, 2025, and seeks feedback on ensuring CASPs comply with local AML and CFT obligations. CASPs operating in other Member States, even without branches, must still meet local AML/CFT requirements. The draft RTS outlines the criteria for when CASPs must appoint a CCP and the role of these CCPs in facilitating compliance. The EBA’s proposal draws on existing regulations for Electronic Money Issuers (EMIs) and Payment Service Providers (PSPs), while adding tailored provisions for the unique challenges faced by CASPs..