“We welcome the development of new technologies and business models. However, it is essential that in the light of a new regulatory framework and major transformation of the crypto-assets sector, Europe is adequately protected from the risks of money laundering and terrorist financing stemming from this sector,” said Bruna Szego, chair of AMLA, in a release.

Against that backdrop, the crypto sector features prominently in its initial work program, the agency said, adding that it will put a “strong emphasis” on crypto firms properly implementing standards to combat these risks.

Additionally, the agency said it will examine crypto asset-related financial intelligence in its initial joint analyses,…