Monaco’s government has submitted a bill to replace its 2022 crypto regulatory regime with a new licensing framework that would place crypto-asset service providers under stricter authorization, governance and compliance requirements.
Summary
- Monaco has proposed a new crypto licensing framework aligned more closely with MiCA and FATF standards.
- Crypto service providers would need prior CCAF authorization and face stricter governance, prudential and conduct requirements.
- The bill would replace Monaco’s 2022 crypto regime and expand the CCAF’s supervisory and enforcement powers.
- Monaco remains on the FATF grey list and the EU’s list of high risk jurisdictions for money…
