The CBI's RSO is a direct statement of supervisory intent. This briefing covers all five focus areas, Finvisor's independent assessment, and the questions your Board, CEO, and Head of Compliance should be asking now.
The CBI's first dedicated CASP chapter signals a regulator in active supervisory build-out. Six focus areas, key messages mapped to MiCAR obligations, and questions for Board, CEO, and Head of Compliance.
In a significant move to combat financial crimes across Europe, the European Parliament and Council have adopted amendments to Directive (EU) 2019/1153, aimed at granting law enforcement authorities direct access to centralized bank account registries.
As the Markets in Crypto-Assets Regulation (MiCAR) authorisation process gathers momentum across Europe, we’re beginning to see the first firms cross the finish line. Several European jurisdictions have now granted approvals, and in Ireland, the Central Bank of Ireland (CBI) has approved its first MiCAR application: Kraken.
Over the last several weeks, speaking with Irish VASPs and new Crypto Asset Service Provider (CASP) entrants, I’ve noticed a recurring theme—some are making their authorisation process more difficult than it needs to be.
In response to Russia's ongoing invasion of Ukraine, the Group of 7 (G7) nations—Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States—have imposed unprecedented sanctions and export controls on Russia. This coordinated action, aligned with the Global Export Control Coalition (GECC), aims to curb Russia’s access to technologies and materials vital to its military operations.
With a growing number of consumers relying on e-money services, the FCA's proposals are designed to ensure that consumer funds are better protected in the event of firm insolvency.
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