Quantcast

AFM releases annex with sector-specific guidance for crypto-asset service providers

Bitcoin Backed by US Congress: Pro-Crypto French Hill Takes Chair of Finance Committee
BlackRock recommends 1-2% Bitcoin in your portfolio
New SEC boss Paul Atkins will transform crypto… but not right away
Bitcoin: For billionaire investor Ray Dalio, only BTC and gold will save from future crises
BTC, XRP, DOGE Price: Dogecoin Drops, Bitcoin Steady Ahead of US CPI
Bitcoin hits level bulls must 'control' for a new $100K BTC price push
Trump reveals his price target for Bitcoin
Billionaire Ray Dalio Prefers Bitcoin Over Bonds
Bitcoin can separate money and state — David Sacks
Crypto Daybook Americas: Bitcoin (BTC) Price Hits Mid-Cycle Peak as Retail Interest in Altcoins Soars
Creating a strategic reserve with bitcoin: US states are exploring this possibility
El Salvador: When the Bitcoin dream meets the economic demands of the IMF
Bitcoin Not Just Money, Reveals Trading Legend Peter Brandt
FDIC asked banks to ‘pause’ crypto activities — Court docs
Solana: SEC rejects SOL cash ETFs
Czech Republic takes the lead in abolishing tax on certain capital gains on bitcoin
U.S. FDIC Told U.S. Banks to Lay Off Crypto, Letters Obtained by Coinbase Reveal
What next for Bitcoin after bursting $100k barrier?
Traders See Even More Bitcoin Buying Pressure as BTC Sets New Record at $103K
Key Indicators to Watch During the Bull Run to Spot the Peak
Vote of No Confidence in France: The Fall of the Government and Its Implications for Cryptocurrencies
Japan's FSA issues warnings against unregistered crypto exchanges
Trump nominates Paul Atkins to replace Gensler as SEC chair
Crypto community reacts to SEC chair Gensler's resignation
Binance survey finds crypto users prioritize earning extra income, achieving financial security
XRP returns to 3rd-largest crypto after 4-year battle with SEC
BRICS vs USA: Donald Trump warns countries that want to free themselves from the US dollar
Crypto Regulation on the Rise in Russia
Bitcoin (BTC) Dominance Tumbles as Altcoins Rumble: Crypto Daybook Americas
Bitcoin price ‘thrives in conflict’ as regional wars escalate
AFM releases annex with sector-specific guidance for crypto-asset service providers
Web3/Crypto
Webp geest
Laura van Geest, chair of the Dutch Authority for the Financial Markets | LinkedIn

The Dutch Authority for the Financial Markets (AFM) has announced the preparation of an annex for crypto-asset service providers (CASPs), supplementing the Guideline on the Wwft and Sanctions Act 1977. This document outlines sector-specific areas of focus.

According to a news release, starting February 4, 2025, CASPs will be legally defined as financial institutions under the Dutch Anti-Money Laundering and Anti-Terrorist Financing Act (Wwft). This classification mandates that CASPs adhere to specific standards aimed at preventing financial crimes. These include implementing internal controls and administrative processes that align with both the Wwft and the Sanctions Act 1977.

In addition to national regulations, CASPs must also comply with the European Transfer of Funds Regulation (TFR), which introduces anti-money laundering and counter-terrorist financing obligations. A significant component of the TFR is the Travel Rule, which requires CASPs to include detailed transaction and sender/recipient information with each crypto-asset transfer. Guidelines from the European Banking Authority clarify how these requirements should be applied in practice.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

To assist CASPs in adhering to these laws, the AFM updated its Wwft and Sanctions Act 1977 guideline in June 2024 and released a specific annex for this sector. The annex outlines expectations and practical steps that CASPs should take to fulfill their legal duties—such as conducting risk assessments, designing internal procedures, monitoring clients, reporting unusual transactions, and ensuring compliance with international sanctions rules.

The AFM has been responsible for overseeing financial markets since March 1, 2002. It supervises various sectors including savings, investment, insurance, loans, pensions, capital markets, asset management, accountancy, and financial reporting. The AFM focuses on promoting fair and transparent markets through inspections, enforcement actions such as fines or warnings, or even withdrawing licenses when necessary.

Organizations Included in this History
More News

Brad Garlinghouse, CEO of Ripple, said that the company enables global financial institutions to enhance cross-border payments and efficiency through digital technology.

Jul 9, 2025

Changpeng Zhao, founder of Binance, said that a move for Fannie Mae and Freddie Mac to count bitcoin as a mortgage asset signals a shift in the American Dream.

Jul 7, 2025

Binance has announced the launch of PIXEL APR Boost Airdrop Rewards for the 11th project on BNSOL Super Stake, in collaboration with Pixels (PIXEL), a web3 game on the Ronin Network.

Jul 7, 2025

Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), said that public companies increased their bitcoin holdings more rapidly than exchange-traded funds (ETFs) in the second quarter.

Jul 5, 2025

CoinFlip, a global digital currency platform, has announced the launch of a new user interface for its CoinFlip Preferred service.

Jun 30, 2025

Gum Shoe, a crypto influencer, has highlighted the long wait times and high fees at Coinbase compared to better service at Binance as evidence of the need for increased competition among U.S. crypto exchanges.

Jun 23, 2025