The Financial Market Regulation and Supervision Service has announced the introduction of a new order "On the Approval of Interest Scoring for Participants in the Virtual Assets Market." This tool is intended to create a comprehensive risk-oriented system for assessing the performance of virtual asset service providers (VASPs).
According to the agency, the developed "Risk Scoring Model" aims to enhance the transparency of financial operations, timely identify risks, and improve the effectiveness of supervisory actions. The model has been developed in accordance with international FATF standards and best practices of countries that are part of the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG), as part of a comprehensive effort to improve regulation in the sector.
Under the new order, VASPs will be classified by risk levels: low, medium, high, or critical. Depending on the assigned level, various supervisory measures will be applied, including standard monitoring, enhanced control, manual checks, as well as the possibility of restricting or blocking certain operations and reporting suspicious activity.
The financial supervision authority emphasizes that it continues to strengthen control over the virtual assets sector by implementing modern transaction analysis tools and creating conditions for the safe and fair operation of market participants.
Thus, the new interest scoring will become an important element contributing to increased transparency, resilience, and reliable functioning of the industry.
