The chair of the Anti-Money Laundering Authority, or AMLA, said the end of the MiCA transition period could create compliance pressure for crypto service providers in the European Union if users move at scale. AMLA said it will step up regulatory coordination in response. The update was reported by ChainCatcher under the policy and regulation category. No further details were provided in the source brief.
ChainCatcher reported that the chair of the Anti-Money Laundering Authority, or AMLA, said large-scale user migration after the end of the Markets in Crypto-Assets, or MiCA, transition period could put compliance pressure on crypto service providers in the European Union.
AMLA said it will strengthen regulatory coordination.
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