
FIC provides practical guide to RMCP submissions under Directive 12
The FIC has laid out the practical steps for accountable institutions facing their first RMCP submission deadlines under Directive 12.

The FIC has laid out the practical steps for accountable institutions facing their first RMCP submission deadlines under Directive 12.

Early industry reaction focuses the implications for stablecoin payments and self-custody wallets, and the compliance burden.

New guidance forces CASPs to verify and transmit transaction data in real time – or halt the transfer.

Regulatory initiatives across payments, digital assets, open finance and embedded finance are expected to progress this year.

The report outlines the CASP sector’s vulnerabilities and provides guidance on how enhanced compliance and improved risk management can help to safeguard the industry.