Tagged: vasp

October 28, 2023 @ 7:49 pm By Omar Faridi  |  

Zodia Markets, the Standard Chartered backed digital asset exchange and brokerage platform, announces that it has “received its registration as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland (CBI).” This follows on from the firm “receiving cryptoasset registration from the UK’s… Read More

August 13, 2023 @ 5:44 pm By Omar Faridi  |  

The team at Yield App is pleased to announce that they’ve registered as a virtual asset service provider (VASP) with Italy’s Organismo Agenti e Mediatori (OAM). According to the update from Yield App, this marks a huge step in their long-term commitment to compliance with… Read More

June 24, 2023 @ 9:58 am By Omar Faridi  |  

Crypto.com announced that it has received its Virtual Asset Service Provider (VASP) registration from the Bank of Spain. Crypto.com secured this registration “following a comprehensive review of its compliance with Anti-Money Laundering Directive (AMLD) and other financial crimes laws, as well as measures to safeguard… Read More

June 3, 2023 @ 10:27 am By Omar Faridi  |  

HAYVN, a digital asset focused financial institution delivering Payments, Trading, Custody, Asset Management and Research services, has obtained a Virtual Asset Service Provider (VASP) license from the Lithuanian Financial Crime Investigation Service (FNTT). This regulatory approval “complements HAYVN‘s existing regulatory framework in the UAE, the… Read More

April 24, 2023 @ 12:32 pm By Omar Faridi  |  

Kraken has successfully registered its Irish subsidiary, Payward Europe Solutions Limited, with the Central Bank of Ireland (CBI) as a Virtual Asset Service Provider (VASP). The firm claims that Kraken’s Irish VASP registration “demonstrates to both their clients and regulators that Kraken follows Europe’s most… Read More

January 12, 2023 @ 12:08 pm By JD Alois  |  

Bison Bank, a bank licensed by the Banco de Portugal, has announced a new subsidiary – Bison Digital Assets. The bank states that this is the first virtual asset service provider (VASP) in Portugal operated by a regulated bank. Bison Digital Assets aims to provide… Read More

May 25, 2022 @ 10:43 am By Omar Faridi  |  

Bitfrost, the fintech ecosystem that supports financial institutions in their adoption and management of digital assets, announced its successful registration “as a Virtual Assets Service Provider (VASP) with the Gibraltar Financial Services Commission (GFSC).” Now, Bitfrost can “provide clients with access to fiat-to-crypto, crypto-to-fiat and… Read More

February 20, 2022 @ 11:59 am By Omar Faridi  |  

Bit2Me has reportedly become the first Spanish firm to successfully obtain registration from the Bank of Spain as a provider of services for exchanging digital currency for fiduciary currency and custody of electronic wallets. Bit2Me was notably the first exchange to apply for registration with… Read More

November 18, 2021 @ 6:00 am By Tony Zerucha  |  

Tether Operations, the company operating the blockchain-enabled platform tether.to, has commenced operations with Shyft Network, starting with active testing of Veriscope, its decentralized compliance framework and smart contract solution to the Financial Action Task Force’s (FATF) Travel Rule. The initiative will assist virtual asset service… Read More

September 15, 2020 @ 8:22 am By Omar Faridi  |  

The Financial Action Task Force (FATF), an intergovernmental organization that develops policies to combat money laundering and terrorism financing, has released an updated report, titled, Virtual Assets Red Flag Indicators of Money Laundering and Terrorist Financing. Published on September 14, 2020, the report notes that… Read More

May 1, 2020 @ 7:30 pm By Omar Faridi  |  

The legislative assembly of the Cayman Islands has introduced five new pieces of legislation that may be used to regulate local firms dealing in cryptocurrencies. The proposed rules have mainly been created to monitor the operations of digital asset exchanges. The Virtual Asset Service Provider… Read More

May 14, 2019 @ 6:00 pm By Barry James  |  

G8’s AML Body FATF Seeks Killing Crackdown on Crypto Exchanges and Tokens of All Types Crypto exchanges of all types and similar services (virtual asset service providers or ‘VASPs’) should be absorbed by traditional banks or disappear altogether. This seems to be the view of… Read More