We are happy to inform you that FinTech Poland has completed work on the document ” Standard of cooperation between financial institutions and providers operating in the crypto assets market”. We would like to thank our regulatory partners: Bird&Bird, ftl, Lawarton, and PWC Legal for their cooperation in developing the Standard.
The document is the result of the working group on the standard of relationships with providers in the crypto assets market established by FinTech Poland. The Standard should serve as a model for financial sector entities planning to collaborate with CASP (Crypto Asset Service Providers). Its use should be preceded by a detailed risk analysis of initiating such cooperation, considering the specific nature of the CASP, and a thorough analysis of the services offered by the CASP and their impact on the operations of the collaborating entity.
We believe that the Standard we have developed will meet the needs of entities cooperating with the CASP service sector and will help manage the security of such cooperation. It will also serve as an educational tool in the context of mitigating the risks associated with CASP activities and will support the normalization of relationships between financial institutions and CASPs. Thanks to this, the Standard will allow for maintaining a high level of security in the sector while taking into account the need to enhance the competitiveness of domestic financial institutions.
We invite you to review the publication: LINK