MiCA should “appropriately integrate AML/CFT issues in prudential supervision of entities”, said the report, which is looking at whether the anti-money laundering powers contained in rules for different financial sectors are up to scratch. MiCA introduces requirements for stablecoin issuers to hold sufficient capital reserves and to be monitored by regulators such as Germany’s BaFin.
Source: https://www.coindesk.com/policy/2022/06/01/crypto-exchanges-should-lose-licenses-for-laundering-breaches-eu-regulators-say/?utm_medium=referral&utm_source=rss&utm_campaign=headlines