The European Commission has passed a delegated act to extend the Central Contact Point, or CCP, framework to crypto-asset service providers (CASPs), according to Odaily. Under the proposed revision, crypto exchanges and other related firms operating in EU member states would be required to appoint a local contact person. The CCP mechanism had previously applied only to electronic money institutions and payment institutions. With the change, crypto service providers would be folded into the bloc’s anti-money laundering and compliance oversight network. The stated aim is to give regulators a fixed domestic point of contact in each jurisdiction, making information sharing and enforcement coordination easier inside member states.
The European Commission has adopted a delegated act to extend the Central Contact Point (CCP) framework to crypto-asset service providers (CASPs), according to Odaily. The proposal would require crypto exchanges and other firms operating in EU member states to appoint a local contact person.
The framework previously applied only to electronic money institutions and payment institutions. After the revision, crypto service providers would be brought into the anti-money laundering and compliance supervision network, giving regulators a fixed in-country contact window and strengthening information transmission and enforcement coordination.
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