Crypto KYC: MiCA, TFR and AMLD6 compliance through transactional data
The crypto regulatory turning point 2024-2026
The MiCA regulation (Markets in Crypto-Assets, the unified European framework for crypto-assets) has been fully applicable since 30 December 2024. The transitional phase is over: any CASP operating in Europe must be licensed and apply a KYC verification process aligned with the financial regulations applicable to classic financial institutions. Source: European Commission, ESMA.
The Travel Rule TFR (Transfer of Funds Regulation, EU regulation 2023/1113 on traceability of transfers) has required since 2025 the exchange of metadata on the sender and beneficiary of every cryptocurrency transfer, from the very first euro. No more exemption threshold: identification data must accompany every transaction, traceable from one CASP to another, from one wallet to another, from one exchange to another. Source: EUR-Lex, EBA guidelines.
AMLD6 (the 6th EU Anti-Money Laundering Directive), transposed in France around June 2025, tightens vigilance over financial activities linked to cryptocurrencies. Twenty-two harmonized underlying offenses, enhanced vigilance measures and dissuasive sanctions in case of non-compliance with KYC rules. Source: Légifrance, AMF.
Your stakes as a CASP, exchange or wallet
Your cryptocurrency platforms operate at a rhythm incompatible with traditional document-based KYC. A user drops off within seconds if onboarding demands a selfie, a scanned ID and an e-mail verification. Yet, whether you run a CEX, a custodial wallet or a CASP, global financial regulations impose on you an identification standard equivalent to that of banks.
We resolve that tension through transactional data. Our eIDV (electronic identity verification) cross-references the sources of truth that fraud cannot reach.
Our crypto eIDV framework
PILLAR 1
Friction-free onboarding
We identify the majority of your customers by cross-referencing verified transactional, government and telecom data, without them having to upload a single document.
PILLAR 2
Travel Rule compliant
We orchestrate EU, UN and OFAC sanctions screening, and automate metadata exchange between exchange platforms via API.
PILLAR 3
Continuous wallet monitoring
You continuously monitor atypical crypto transactions, trigger Tracfin suspicion reports and trace beneficial owners.
PILLAR 4
Multi-jurisdiction coverage
You access 197 countries, particularly useful to global platforms subject to the European licensing regime and CASP registration with the AMF.
Our approach is complementary to biometrics and document verification. For at-risk profiles, we trigger in cascade the enhanced vigilance measures required by the French Monetary and Financial Code and by global financial regulations.
Our data approach: the necessity of real life for crypto
Our structural conviction fits in one sentence: "Because today, everything can be forged — except real life and what people actually buy." This sentence takes on full meaning in crypto. An ID can be forged, a selfie deepfaked, an address fabricated — and the crypto industry suffers these frauds with unmatched intensity. But an individual who pays their rent, energy and mobile subscription at the same address for three years cannot be invented.
We mobilize three families of data to anchor KYC verification in reality:
| Family | Sources | Contribution to crypto KYC |
|---|---|---|
| Transactional | Verified purchase activity, address tenure, tax household | Real identity proven by consumption |
| Government | Official registries, sanctions lists, PEP databases | MiCA, TFR, AMLD6 compliance |
| Telecom and media | Number reliability, line tenure, editorial presence | Profile robustness, anti-sybil |
For your crypto platforms, this approach is particularly well suited: it drastically cuts your identity document verification costs and smooths the journey without degrading compliance. The regtech technology we orchestrate combines artificial intelligence and machine learning to detect the illicit activities specific to your sector: industrial document fraud, AI-generated deepfakes, sybil attacks on reward programs, laundering via mixers.
Sanctions for MiCA and TFR non-compliance
Crypto KYC compliance is not optional. Non-compliance with KYC rules in the cryptocurrency sector exposes CASPs and exchanges to a range of heavy sanctions.
The AMF (Autorité des marchés financiers, the French financial regulator for CASPs) can issue a licence withdrawal together with administrative fines. The ACPR (the French prudential authority) is empowered to impose sanctions reaching 10% of annual turnover. Criminally, money laundering linked to terrorism financing is punished by 5 years' imprisonment and a €375,000 fine under the French Monetary and Financial Code. Source: ACPR, AMF, Légifrance.
European KYC rules also provide for public sanctions, potentially listed on the register of non-compliant CASPs — a major reputational risk in a sector where trust is the most precious asset. In the United States, the BSA (Bank Secrecy Act, the U.S. anti-money-laundering law) and FinCEN apply an equivalent regime to your crypto exchanges active on the U.S. market.
Why choose Euroleads for your crypto KYC
Real-time REST API
Designed for modern exchange platforms and wallet architectures.
MiCA, TFR, AMLD6, eIDAS 2.0 compliance
The eID (European electronic identity) is integrated by construction.
Independence
Euroleads is neither judge nor party. Our recommendations regarding biometric and document vendors are never biased by an in-house solution.
Frictionless by default
We validate the majority of your users without document verification.
45 years of French data expertise
In international data, with nearly ten years in electronic identity verification.
Part of MV Group
Seven digital and data companies (Yumens, GoodBuy Media, Euroleads, Tribu, Avanci, Yes Indeed, Weaver-fi). Synergy of every digital and data trade, dedicated DPO, documented data governance.
Coverage across 197 countries
Useful to your crypto platforms operating across several markets.
Complementarity
Explicit complement to biometrics and document OCR, not a replacement.
Our approach covers every player in the cryptocurrency sector: centralized exchanges (CEX), custodial wallets, regulated DeFi service providers, stablecoin issuers, institutional cryptocurrency platforms, CASPs registered or in the process of obtaining a MiCA licence. Whether you are starting your licensing process or industrializing an existing setup, together we adapt the KYC process to the risk profile and the applicable regulatory requirements.
We can also run a free audit of your existing crypto KYC setup, to measure your current data assets and the optimum reachable against your MiCA, TFR and AMLD6 compliance goals.
MiCA and TFR upgrade: where to start
STEP 1
Audit of the existing setup
Together we map your friction points, measure the compliance of your current KYC processes and identify the gap with MiCA, TFR and the French AMF's CASP framework.
STEP 2
eIDV integration via API
We plug our layer onto your regtech stack, deploy automated sanctions screening and configure the Travel Rule.
STEP 3
Periodic KYC refresh
You pilot the reassessment of profiles by risk, the continuous monitoring of atypical crypto transactions and wallet alerts.
You access a tiered, auditable framework. Complementarity with your regtech stack is guaranteed: we replace neither your KYB nor your biometric layer. We smooth the identification journey of your legitimate KYC customers and concentrate your vigilance on the profiles that truly deserve it.
"Our job isn't to sell data at any cost. It's to find, for you, the data that resolves your specific case."
Our cryptocurrency sector leads are available to evaluate your setup and its regulatory alignment together with you.