Core Insights - The "2025 Crypto Payment Compliance Handbook" provides a comprehensive overview of the global regulatory landscape for crypto payments, emphasizing the need for tailored compliance strategies due to the nuanced and differentiated execution of regulations across regions [1][2]. Regulatory Background - The handbook outlines the evolution of global crypto payment regulations, highlighting the shift from principle-based guidance to detailed, region-specific execution [14]. - The Financial Action Task Force (FATF) serves as the primary standard setter for anti-money laundering (AML) and counter-terrorism financing (CFT), influencing the regulatory frameworks of various countries [15][16]. - Different regions have unique regulatory characteristics, such as Hong Kong's Stablecoin Ordinance, the U.S. Bank Secrecy Act, the EU's MiCA framework, and the UAE's capital requirements for compliance [19][24][29][33]. Types of On-Chain Illicit Funds - The handbook categorizes various types of on-chain illicit funds, including terrorism financing, child exploitation, hacking, phishing, dark web transactions, and ransomware, providing a basis for risk identification [38]. Consequences of Receiving Illicit Funds - The legal repercussions for entities involved in receiving illicit funds can include asset freezing, fines, and criminal imprisonment, as seen in cases involving companies like Wise and QIWI [2]. Strategies for Payment Companies - Payment companies are advised to implement risk identification and mitigation strategies using tools like Know Your Customer (KYC) and Know Your Transaction (KYT), along with on-chain intelligence and behavior analysis [2][4]. - The handbook presents case studies from companies like Interlace and KUN, showcasing different compliance solutions tailored to their business models [2][4]. BlockSec's Role - BlockSec is introduced as a one-stop blockchain security service provider, offering real-time compliance monitoring and risk management solutions through its Phalcon Compliance platform [2][5]. Licensing Framework - The handbook details the licensing requirements for crypto payment services across major regions, including Europe, Asia, the Americas, and Africa, providing guidance for global compliance strategies [2][10].