VASP licensing is one of the first steps a crypto business must take before accepting customers. However, its requirements and even terminology vary significantly between countries.
While there is no single global “VASP license,” VASP is a Financial Action Task Force classification used by governments to implement their own regulatory systems. The EU now typically uses “crypto-asset service provider,” or CASP. The US focuses on money-transmitter rules, and Dubai still explicitly issues VASP licenses.
Related: MPC Wallet: Is Crypto Finally Moving Beyond Seed Phrases?
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What Is VASP Licensing?
In general, VASP licensing is a type of regulatory authorization for businesses that…
