Crypto-Asset Service Provider (CASP)
Web3 / regulatory frameworks
A Crypto-Asset Service Provider is any entity offering services related to cryptocurrencies or crypto-assets that falls under regulatory jurisdiction, particularly under MiCA requirements. CASPs encompass exchanges, custodian platforms, wallet providers, staking services, lending platforms, and trading venues. These providers must obtain appropriate regulatory authorization, implement operational safeguards including segregation of customer assets, maintain cybersecurity standards, and comply with anti-money laundering and know-your-customer procedures to protect consumer interests and prevent financial crime. Example: Kraken operates as a CASP under MiCA, requiring authorization from financial regulators and compliance with EU requirements for customer fund segregation, operational resilience, and transaction reporting. Why it matters for crypto regulation: Defining and regulating CASPs ensures consumer protection, prevents fraud and asset loss, establishes clear accountability, and creates standardized operational requirements across crypto service providers within regulated jurisdictions.
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