Tagged: vasps

March 15, 2025 @ 3:55 pm By Omar Faridi  |  

Crypto.com announced it has been issued a limited license by Dubai’s Virtual Assets Regulatory Authority (VARA) to offer derivatives in the UAE. This issuance now reportedly extends the provisions of Crypto.com’s existing VASP license to operate in the region. With this limited license, Crypto.com’s regional… Read More

February 17, 2025 @ 8:25 am By Omar Faridi  |  

Bitget, the cryptocurrency exchange and Web3 company, has obtained a Virtual Asset Service Provider (VASP) license from Bulgaria’s National Revenue Agency. The licensing now enables Bitget to offer a suite of crypto services within Bulgaria, including the “exchange, trading, transfer, custody, and public offering of… Read More

February 6, 2025 @ 12:21 am By Omar Faridi  |  

Chainalysis explained that Virtual Asset Service Providers (VASPs) play a crucial role in the cryptocurrency landscape by providing services that facilitate the use and “adoption of digital assets by retail and institutional customers alike.” From exchanges to custody providers to payment processors, VASPs are helping… Read More

January 13, 2025 @ 11:56 am By Omar Faridi  |  

HashKey Group, an end-to-end digital asset financial services group in Asia, announced that HashKey MENA FZE, a member of the HashKey Group, has received an In-Principle Approval (IPA) from the Dubai Virtual Assets Regulatory Authority (VARA) for its Virtual Asset Service Provider (VASP) license application…. Read More

October 2, 2024 @ 12:02 pm By Omar Faridi  |  

Binance reveals that it has been incorporated into Argentina’s Virtual Asset Service Providers Registry by the country’s National Securities Commission (CNV), marking the digital asset exchange’s 20th regulatory milestone internationally and expanding its suite of crypto and blockchain / Web3 services to Argentina-based consumers. This… Read More

August 24, 2024 @ 7:36 am By Omar Faridi  |  

China’s supreme court has updated its interpretation of the nation’s Anti-Money Laundering (AML) laws in order recognize “virtual asset” transfers for the first time ever. China passed its AML law on January 1, 2007, making the most recent update its first major one in 20… Read More

August 18, 2024 @ 5:00 pm By Omar Faridi  |  

Moody’s and Elliptic, key players in global compliance and third-party risk management and digital asset risk management respectively, have announced a strategic alliance to revolutionize virtual asset service provider (VASP) screening through the seamless integration of on-chain blockchain data with traditional off-chain data sources. In… Read More

July 20, 2024 @ 9:22 am By Michael Wong  |  

South Kora’s Financial Services Commission (FSC) announced early this week that new stringent regulations targeting illegal transactions involving virtual assets will be enforced. The new legislation, known as the Virtual Asset Users Protection Act, mandates virtual asset exchanges to report illegal activities to the financial… Read More

July 14, 2024 @ 7:04 pm By Omar Faridi  |  

Elliptic, a provider of crypto compliance solutions, is working with VASPnet, the “assured” source of regulatory reference data on virtual asset service providers (VASPs), to integrate real-time, high-quality data on the regulatory status of VASPs into its product offering. Sourced directly from 92 regulators in… Read More

July 5, 2024 @ 4:04 pm By JD Alois  |  

FATF [Financial Action Task Force ] met last month and provided a brief update on the global association’s attempt to reign in the cryptosphere. FATFA established the “Travel Rule” while the US held the chair of the group. This rule requires buyers and sellers of… Read More

June 12, 2024 @ 10:50 pm By Omar Faridi  |  

Crypto.com, which claims to be “trusted” by more than 100 million customers worldwide and the firm focused on regulatory compliance, security and privacy, announced that it has received approval as a Virtual Asset Service Provider (VASP) from the Central Bank of Ireland. This approval follows… Read More

May 6, 2024 @ 2:52 pm By Omar Faridi  |  

Sumsub has announced that it will be integrating with CODE, a Travel Rule compliance solution. Both companies will collaborate to facilitate secure and immediate data sharing among Virtual Asset Service Providers (VASPs), “aligning with Travel Rule compliance requirements for virtual asset transactions.” In addition to… Read More

April 3, 2024 @ 8:23 pm By Omar Faridi  |  

Sumsub has teamed up with Mercuryo, a global payments infrastructure platform, to publish a detailed update for Virtual Asset Service Providers (VASPs), titled “Mastering Travel Rule Compliance”. The update reportedly covers everything businesses in “the digital token space need to know about the Travel Rule… Read More

April 3, 2024 @ 10:35 am By Omar Faridi  |  

The South American country of Argentina has announced key updates related to digital assets. Argentina’s National Securities Commission (CNV)  has implemented the Registry of Virtual Asset Service Providers (VASPs). The LatAm based nation has some of the highest levels of crypto adoption globally so this… Read More

February 5, 2024 @ 2:22 pm By Omar Faridi  |  

The Banco Central do Brasil (BCB) is consulting with stakeholders on a future regulatory regime, and Coinbase (NASDAQ:COIN) is pleased to share their perspectives on how to implement a comprehensive regulatory scheme for Virtual Assets Service Providers. Crypto creates economic freedom by ensuring that people… Read More

January 18, 2024 @ 9:52 am By Omar Faridi  |  

Gemini says they are pleased to announce that they’ve been registered as a Digital Asset Service Provider (DASP) by l’Autorité des Marchés Financiers (AMF), the French financial markets regulator. Following the launch of their EU headquarters in Ireland in 2022, Gemini is now “operational in… Read More

December 22, 2023 @ 11:30 am By Omar Faridi  |  

Circle, a global financial technology firm and the issuer of USDC and EURC, has today announced receipt of a conditional registration as “a Digital Asset Service Provider (‘DASP’, or ‘Prestataire de Service sur Actifs Numériques’ (PSAN)) with the French Financial Markets Authority (‘Autorité des Marchés… Read More

December 21, 2023 @ 7:11 am By Omar Faridi  |  

Ripple, the enabler of enterprise blockchain and crypto solutions, announced that the Central Bank of Ireland (CBI) has added its Irish subsidiary Ripple Markets Ireland Limited to its list of registered Virtual Asset Service Providers (VASPs). The decision will support Ripple’s business since, “as a… Read More

November 14, 2023 @ 10:42 pm By Omar Faridi  |  

Kraken has launched VASP services in Belgium, utilising its EU subsidiary, which has registered under the VASP regimes in Ireland, Spain and Italy. This launch reinforces Kraken’s ongoing commitment “to upholding Europe’s robust anti-money laundering and compliance standards. And further underscores Kraken’s dedication to advancing… Read More

November 14, 2023 @ 8:36 pm By Omar Faridi  |  

Crypto.com announced that its Dubai entity, CRO DAX Middle East FZE, has been granted a Virtual Assets Service Provider (VASP) License “for specified virtual asset service activities by Dubai’s Virtual Assets Regulatory Authority (VARA).” Crypto.com’s VASP License is “subject to the Company fully satisfying select… Read More