The requirements for crypto-asset service providers are determined by assessing activity, licensing and customer processes together. Do not use old drafts or capital amounts as if they were current provisions.
Separate licensing from the AML process
An operating licence or establishment conditions do not replace customer identification and other ongoing control processes. Identify the current official source for each heading.
Customer and transfer controls
Identity verification, name screening, wallet assessment and transfer information are different control areas. Verify which area the product you use actually covers.
Manage change
When legislation or guidance changes, do not merely refresh the blog date. Review the affected product copy, institutional procedure and integration rule together.
This content is general information. Determine the requirements that apply to your institution from current official sources and your own assessment process.
See the related product scope → Crypto-asset platforms solution
Legichain — technology for identity verification, AML and blockchain screening. Contact: [email protected]