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Isle of Man launches consultation on crypto AML regulation

News Team, 14/02/2024

The Isle of Man Financial Services Authority has launched a consultation on the current approach to the oversight of certain crypto-asset activities for anti-money laundering and countering the financing of terrorism (AML/CFT).

The consultation aims to look into the purposes and potential approaches to the regulation of such activities, and how the cost of such regulation should be funded.

Currently, the majority of firms conducting crypto-asset related a...


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