Payment Services Act Crypto: What You Need to Know

When working with Payment Services Act crypto, the regulatory framework that governs digital‑asset service providers in several jurisdictions. Also known as PSA for crypto, it sets rules for licensing, AML/KYC, and consumer protection. Understanding this act helps you avoid fines, stay competitive, and align with global standards.

The broader cryptocurrency regulation, a set of laws that dictate how digital assets are created, traded, and reported is the backdrop for the PSA. It requires firms to obtain an exchange licensing, official approval from financial authorities to operate a crypto exchange or wallet service. Without this license, providers risk suspension, hefty penalties, or even criminal charges.

How International Sanctions and Enforcement Shape Compliance

International bodies like the OFAC sanctions, U.S. Treasury measures that target illicit crypto networks and sanctioned entities directly influence PSA requirements. If a platform inadvertently processes transactions linked to a sanctioned actor, it can face asset freezes and enforcement actions. Similarly, coordinated crypto crime enforcement, joint operations by agencies such as INTERPOL and national regulators to combat illicit blockchain activity raises the bar for AML/KYC and transaction monitoring.

These relationships form a clear chain: Payment Services Act crypto encompasses cryptocurrency regulation, which mandates exchange licensing. Both are shaped by OFAC sanctions and reinforced through crypto crime enforcement. In practice, a new exchange in Singapore must file a PSA application, integrate robust AML tools, and regularly screen against sanction lists to stay compliant.

Below you’ll find a curated set of articles that break down each piece of this puzzle. From deep dives into OFAC’s 2025 sanctions on North Korean networks to step‑by‑step guides on Japan’s PSA exchange registration, the collection offers practical insights, real‑world examples, and actionable checklists. Whether you’re launching a new platform, updating existing compliance procedures, or just keeping an eye on regulatory trends, the posts below will help you navigate the evolving crypto legal landscape.