Virtual Asset Service Provider (VASP)
RegulationUpdated: October 15, 2025
Also known as: VASP, Virtual Asset Service Provider
Browse all Regulation terms
AI RMF (AI Risk Management Framework)Asset SegregationBeneficial OwnershipBeneficiaryBIS (Bank for International Settlements)BSA (Bank Secrecy Act)CASP (Crypto-Asset Service Provider)CASP LicenseCFTC (Commodity Futures Trading Commission)Client AssetsData MinimizationDLT Pilot RegimeeIDAS 2.0ESMA (European Securities and Markets Authority)FATF (Financial Action Task Force)FCA (Financial Conduct Authority)FEAT PrinciplesFinCEN (Financial Crimes Enforcement Network)FINMA (Swiss Financial Market Supervisory Authority)FINRA (Financial Industry Regulatory Authority)FSB (Financial Stability Board)GDPR (General Data Protection Regulation)High-Risk AI SystemHowey TestKYC (Know Your Customer)Market ManipulationMAS (Monetary Authority of Singapore)MiCA (Markets in Crypto-Assets Regulation)MiCA ComplianceMiFID IIOFAC (Office of Foreign Assets Control)OriginatorPassportingPEP (Politically Exposed Person)PII (Personally Identifiable Information)Qualified CustodianQualified InvestorRetail InvestorRight to be ForgottenSAR (Suspicious Activity Report)SEC (Securities and Exchange Commission)SOC 2 (Service Organization Control 2)Strict LiabilityTransaction MonitoringVARA (Virtual Assets Regulatory Authority)Virtual AssetWash Trading
Entity providing services related to virtual assets, subject to AML regulations
Entity providing services related to virtual assets, subject to AML regulations.
VASPs include crypto exchanges, custodians, and wallet providers. The FATF defines VASPs and subjects them to AML/CFT requirements similar to traditional financial institutions, including KYC, transaction monitoring, and the Travel Rule.