Tag: EBA
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EBA introduces AML guidelines to the crypto sector
The European Banking Authority (EBA) has recently released new guidelines aimed at combating money laundering activities in the cryptocurrency sector. The EBA, known for its role in harmonizing banking regulations across the European Union, has recognized the potential risks associated with cryptocurrencies. The guidelines come as a response to the increasing use of digital currencies…
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EBA proposes conflict of interest standards for asset-referenced tokens
EBA Proposes Conflict of Interest Standards for Asset-Referenced Tokens The European Banking Authority (EBA) has recently proposed new conflict of interest standards for asset-referenced tokens. As digital assets and tokenization gain prominence in the financial world, it is crucial to address potential conflicts of interest to ensure fair and transparent markets. Understanding Asset-Referenced Tokens Asset-referenced…
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EBA explores ways to prevent money laundering and terrorist financing
The European Banking Authority (EBA) is actively investigating and exploring strategies to prevent money laundering and terrorist financing in the European Union (EU). Money laundering, a criminal activity used to disguise the illegal origins of money, poses a significant threat to financial systems worldwide. It allows criminals to legitimize the proceeds from illegal activities,…
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EBA and ESMA consult on two sets of joint guidelines under MiCA
The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have launched a public consultation on two sets of joint guidelines concerning the regulatory and supervisory framework for markets in crypto-assets. The guidelines are part of the implementation of the Markets in Crypto-assets Regulation (MiCA) and aim to provide clarity on the…