We are those who are not indifferent to the business environment in the cryptocurrency industry in our country and where it is heading.
Active participation in the legislative process
We actively participate in the development of the legislative and regulatory framework for cryptocurrency business both on the national and European level.
We lobby to level the playing field for crypto entrepreneurs and users in the Czech Republic and Europe by spreading awareness of this issue among politicians and decision-makers in the political scene. We have organized a major conference in the Czech Senate and are actively advocating for changes to the law within the House and in broader political circles.
We commented on the amendment to the Anti-Money Laundering Act, which aimed to implement the so-called "Directive 5" of the European Union (AMLD5), tightening the rules for activities in the field of cryptocurrencies, among others. We are also actively involved in commenting on the similar and much more extensive and stringent European regulatory packages MiCA and AMLD6, where we promote the idea of maintaining the greatest possible freedom and autonomy in the business of cryptocurrencies, and in their use.
We are in contact with legislators both at the Czech and European level, we participate in expert debates at the Financial Analysis Office, the Czech National Bank, the Chamber of Commerce, the Czech Banking Association and other institutions, together with whom we are shaping the future shape of the cryptocurrency space in the Czech Republic and Europe.
Fighting cybercrime
Companies operating in the cryptocurrency sector are, among other things, obliged to comply with Act No. 253/2008 Coll. (the so-called AML Act - Anti-Money Laundering). Our members not only comply with all the requirements imposed on them (not only by this) law, but - in line with the goal of cultivating the business environment - often go beyond it, driven by the goal of eliminating as much as possible the illegal activities for which cryptocurrencies are sometimes used. In short: our members do everything they can to ensure that it is not possible to "launder money" through them or carry out any other illegal activities. To do this, they have a wide range of tools, procedures and highly effective detection techniques at their disposal.
CKMA members are involved in cooperation with a number of government agencies. To name a few:
- FAÚ (Financial Analytical Office) - comprehensive long-term cooperation in detecting cybercrime and improving our members' AML/KYC procedures
- Directorate General of Customs - cooperation in detecting drug-related crimes
- Police of the Czech Republic - intensive cooperation in detecting internet crime
