What Regulatory Licenses Are Typically Required for a Digital Asset Prime Broker?

Requirements vary by jurisdiction, but a digital asset prime broker typically needs licenses for money transmission, virtual asset service provision (VASP), and potentially securities or derivatives brokerage. Specific licenses might include a BitLicense in New York or registration with financial conduct authorities in other regions, ensuring compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations.