VASP (VASP)
Virtual asset service provider: FATF’s term for businesses that exchange, transfer, hold or issue virtual assets for others; in the EU, a crypto-asset service provider (CASP).
Overview
VASPs must apply FATF standards, including customer due diligence and the Travel Rule. Under MiCA, CASPs need authorisation and must meet governance, custody and conduct requirements.
Check the official sources below for legal scope, applicable dates and exceptions. This entry is an explanatory reference, not legal advice.
Why it matters
Being a VASP brings AML and licensing obligations in every jurisdiction you serve.
Who it affects
Exchanges, brokers, custodians and wallet providers.
Connections
The terms most closely tied to VASP. Select one to open it.
What to do about it
- 1List the activities you actually perform.
- 2Identify the authorities and licences those activities trigger.
- 3Scope your obligation library to the sector and its activities.
- 4Set up controls and evidence for the highest-risk obligations first.
From requirement to evidence.
VASP obligations from FATF, MiCA and national regimes are mapped to one control set.
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