AMLA Chair Bruna Szego: MiCA Transition End Could Strain EU VASP Compliance

The end of MiCA's 18-month transitional period could strain compliance for EU virtual asset service providers (VASPs), according to AMLA Chair Bruna Szego. According to NS3.AI, the transitional period ended on July 1, requiring crypto asset service providers (CASPs) to hold a license to continue serving EU customers. The European Securities and Markets Authority (ESMA) stated that unauthorized crypto service providers must take immediate steps to wind down their EU activities. Szego added that AMLA will publish a crypto money laundering risk report before the end of the year.