Regulated CASP v. Non-Regulated Tech Services
Does your business really need a CASP registration / license in the EU?
In this presentation, we look at why so many EU crypto businesses ask for CASP registrations/licenses "just in case" when they might not actually need one.
The key insights you will find in this presentation are:
1️⃣ CASP Registration Nuances: Not all crypto businesses in the EU need a CASP registration. Understanding this can save unnecessary compliance efforts.
2️⃣ AML Concerns: These typically only happen when crypto businesses touch/handle/manage funds (fiat & crypto). If you don't actually do that, then you probably don't need a CASP registration!
3️⃣ Scope of AMLD5 and MiCA: Focus really on crypto exchange and custodian wallet services, not ancillary tech services!
4️⃣ Non-Regulated Crypto Services: These will typically include non-custodial & support solutions, like crypto wallet infrastructures, Staking-as-a-Service, blockchain analytics, etc.
5️⃣ Impact of DORA: Note that the above crypto services may still be regulated under the EU Digital Operational Resilience Act (DORA) as "critical" ICT third-party services offered to regulated entities (e.g., banks, financial institutions, crypto exchanges).
Clear Understanding, Clear Path: Knowing and articulating your crypto business's classification can be the difference between smooth sailing and regulatory entanglement. Stay sharp, stay informed, and navigate the regulatory landscape with confidence!
This is the presentation’s table of content:
Background - The Issue
Money Laundering - A Few Basics
Crypto Sector Regulation in the EU
What Types of Crypto Services are Typically Non-Regulated?
Conclusion
