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Luxembourg’s 2025 National Risk Assessment (NRA) has identified cryptocurrency firms as high-risk targets for money laundering, despite the sector’s growing presence in the wealthy nation. This concern, echoing similar warnings from other countries, highlights the potential for exploitation within the expanding crypto landscape. The NRA report specifically points to Virtual Asset Service Providers (VASPs) as vulnerable. This assessment underscores the need for increased vigilance and robust regulatory frameworks to mitigate the risk of financial crime associated with digital assets in Luxembourg and beyond.
