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Crypto_AML_KYC_Mandatory
Assess whether Anti-Money Laundering (AML) and Know Your Customer (KYC) controls are legally mandated for entities handling cryptocurrency transactions (e.g., Virtual Asset Service Providers, Financial Institutions).
Medium Priority
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Possible Values
Status values that can be assigned to this topic
| Value | Definition | Order |
|---|---|---|
| Mandatory_for_Obliged_Entities | Specific laws or regulations require designated obliged entities (typically VASPs, FIs dealing in crypto) to implement AML/KYC procedures for their customers and transactions. | 0 |
| Not_Explicitly_Mandatory | There are no specific crypto-focused AML/KYC laws or regulations mandating these controls for VASPs or other entities handling crypto. General AML laws may still apply, but without specific crypto guidance or requirements. | 1 |
| Unclear | The legal requirements regarding AML/KYC for entities handling cryptocurrencies are ambiguous, lack official clarification, have conflicting interpretations, or are not formally addressed. | 2 |
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Countries analyzed for Crypto_AML_KYC_Mandatory