On the 28th of July 2025, the European Banking Authority published its 2025 Opinion on money laundering and terrorist financing (ML/TF) risks affecting the EU’s financial sector. Regarding the crypto assets sector, the Opinion states that the use of crypto-asset services for financial crime purposes remains a key area of concern; further, the sector experiences a rise in transaction volumes and a 2.5-fold increase in the number of authorised crypto-asset service providers (CASPs) in the EU between 2022 and 2024. However, the Opinion also reports that competent authorities found that some entities have tried to bypass the licensing and registration processes, and that CASPs often lacked effective AML/CFT systems and controls. To address this issue, the EBA proposes to enhance supervisory coordination and enforcement, along with a consistent application of the EU crypto framework.
