Regulatory Alerts2022-12-14
Guideline for Supervision of Crypto-Asset Exchange Service Providers
Supervisory authorities have issued this guideline to define the scope of crypto-assets and crypto-asset exchange services under the Payment Services Act, establishing comprehensive criteria for their applicability and appropriate handling. It outlines major supervisory viewpoints for Crypto-Asset Exchange Service Providers, covering business management, compliance with laws and regulations, user protection measures including separate asset management and risk responses, and administrative operations like IT system risk management. The guideline also details administrative processes for registration, reporting, and enforcement, aiming to ensure user protection and the proper, secure conduct of crypto-asset exchange services.
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