EBA Initiates Public Consultation Process for Strengthening AML/CFT Standards in the Crypto Industry

The European Banking Authority (EBA) has initiated a public consultation process for the proposed guidance principles aimed at strengthening anti-money laundering (AML) and combating the financing of terrorism (CFT) standards in the cryptocurrency market. The published guidance principles aim to address the evolving challenges faced by cryptocurrency service providers (CSPs) and payment service providers (PSPs) in complying with AML/CFT regulations.The post EBA Initiates Public Consultation Process for Strengthening AML/CFT Standards in the Crypto Industry appeared first on COINTURK NEWS.