When you hear CASP regulations, Crypto Asset Service Providers regulations, a global framework that defines who can legally offer crypto services and under what rules. Also known as crypto licensing rules, these standards are now shaping everything from exchange listings to wallet security and even how you access airdrops. If you trade, stake, or hold crypto, CASP rules aren’t just paperwork—they’re the line between a safe platform and a scam.
CASP regulations require companies to prove they’re not just tech startups but real financial institutions. That means background checks, anti-money laundering systems, and clear disclosures about risks. Countries like the EU, UK, and Singapore now force exchanges to register under CASP rules—or shut down. That’s why platforms like TokenEco and BIJIEEX disappeared: they never had the licenses. Meanwhile, exchanges that follow CASP rules, like those listed in the EU’s MiCAR framework, can legally operate across borders. It’s not about trust—it’s about legal accountability.
These rules also impact crypto exchanges, digital platforms that let users buy, sell, or trade crypto assets under regulated conditions. If an exchange doesn’t comply, it can’t list stablecoins, offer leverage trading, or even let you withdraw funds in some places. That’s why South Korea demands real-name bank accounts and Qatar bans trading entirely—both are extreme versions of CASP enforcement. Even airdrops like the Position Exchange $POSI drop now require KYC checks because regulators say you can’t hand out tokens like free candy.
And it’s not just exchanges. financial compliance, the set of legal and operational standards that crypto businesses must meet to avoid penalties now includes tracking whale wallets, reporting large transactions, and blocking privacy coins like Monero. That’s why you’re seeing fewer privacy-focused tokens on major platforms. Regulators see anonymity as a risk—not a feature.
What does this mean for you? If you’re using a platform that doesn’t mention CASP, MiCAR, or local licensing, you’re likely on an unregulated site. That’s fine if you’re speculating on a memecoin like USAcoin or Morfey—but dangerous if you’re holding real value. The same rules that killed fake exchanges are now protecting real ones. The crypto world isn’t going back to the wild west. It’s getting a license plate.
Below, you’ll find real-world examples of how CASP regulations are playing out—from Norway banning mining to Qatar allowing tokenized real estate. You’ll see which exchanges survived, which got banned, and why your next trade should start with one question: Is this platform licensed?
The SEC Philippines has launched aggressive crypto enforcement actions in 2025, banning unregistered exchanges and requiring strict registration for all platforms serving Filipinos. Here's what you need to know about the CASP rules, penalties, and how to stay compliant.