The European Banking Authority has issued guidance to cryptocurrency service providers for implementing anti-money laundering regulations.

According to a BlockBeats report on January 16th, the European Banking Authority (EBA) has extended its guidelines on anti-money laundering and counter-terrorism financing risk factors to include crypto asset service providers (CASPs). The new guidelines emphasize the money laundering/terrorism financing risk factors and mitigation measures that CASPs need to consider, representing an important step forward for the EU in combating financial crime. The guidelines are designed to help CASPs identify money laundering/terrorism financing risks and provide a comprehensive list of factors that may indicate higher or lower risks for CASPs based on their customers, products, delivery channels, and geographical locations.