📰 News Alert...

🔖 Title: Luxembourg Flags Virtual Asset Service Providers as High-Risk for Money Laundering

🗓️ Published: 2025-05-26T17:43:00+02:00

📄 Summary: Luxembourg's 2025 National Risk Assessment has classified virtual asset service providers (VASPs) as high-risk entities for money laundering, citing concerns over their vast transaction volumes and international operations. This follows previous assessments indicating an increasing danger from the cryptocurrency sector. As part of its regulatory reforms, the EU is implementing the Markets in Crypto-Assets (MiCA) framework to standardize regulations across member states. The need for tighter regulations comes amid rising incidents of money laundering associated with cryptocurrencies, underscoring the urgency for the sector to comply with new legal expectations.

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https://cointelegraph.com/news/luxembourg-crypto-risk-vasps-money-laundering-2025-nra?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

🗞️ Source: Cointelegraph by Adrian Zmudzinski

💓 #Cryptocurrency #FinancialRegulation #MoneyLaundering