The European Banking Authority has decided to monitor the crypto market better. It has put out 2 bids to monitor the crypto market for consumer protection. It will spend about EUR 360.000 on a subscription model to get the required data. Tenders shall close on 11.Nov.2022 as reported by ABN Asia. Good move.
The EBA would like to access real-time data on crypto-assets and crypto-assets markets via a subscription model, to properly fulfil its mandates, namely:(a) to monitor and assess developments in digital finance-related topics, including the exposure of the banking and payments sectors to crypto-assets;(b) to foster consumer protection in financial services across the EU by identifying and addressing detriment consumers may experience, or are at risk of experiencing; and(c) to prevent the use of the financial system for the purposes of money laundering and terrorist financing (ML/TF), including by leading the development of AML/CFT policy, coordinating and fostering effective cooperation and information exchange between all relevant authorities, and monitoring the implementation of EU AML/CFT policies and standards to identify vulnerabilities in competent authorities’ approaches to AML/CFT supervision.AbnAsia.org Software. Faster. Better. More Reliable. +1-669-999-6606 +84-945-924-877 [email protected]