Skip to main content

What Is a Virtual Asset Service Provider (VASP)?

A VASP is any natural or legal person who conducts business activities for or on behalf of another natural or legal person, involving virtual assets. This includes exchanges, custodians, and certain types of wallet providers.

The FATF uses this term to define the entities that must comply with its AML/CTF recommendations, essentially bringing key crypto intermediaries under financial regulation.

What Defines an “Accredited Investor” under SEC Rules?
What Is the Role of the Financial Action Task Force (FATF) regarding Privacy Coins?
Are There Any Remaining Forms of Counterparty Risk in Decentralized Derivatives Trading?
How Does Hedging with a Derivative Reduce Risk for a Business?