Nicguana: Created page with "A Virtual Activity Service Provider ("VASP") is a business which: * issues; * transmits; * transfers; * provides safe custody or storage of; * administers; * manages; * lends; * buys; * sells; * exchanges, or otherwise trades; or * intermediates convertible virtual currencies, including crypto-currencies, virtual assets or similar concepts, where the concept is accepted by persons as: * a means of payment of goods or services; * a unit of account; or * a store of va..."

2024-10-27T17:44:53Z

Created page with "A Virtual Activity Service Provider ("VASP") is a business which: * issues; * transmits; * transfers; * provides safe custody or storage of; * administers; * manages; * lends; * buys; * sells; * exchanges, or otherwise trades; or * intermediates convertible virtual currencies, including crypto-currencies, virtual assets or similar concepts, where the concept is accepted by persons as: * a means of payment of goods or services; * a unit of account; or * a store of va..."

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A Virtual Activity Service Provider ("VASP") is a business which:

* issues;
* transmits;
* transfers;
* provides safe custody or storage of;
* administers;
* manages;
* lends;
* buys;
* sells;
* exchanges, or otherwise trades; or
* intermediates

convertible virtual currencies, including crypto-currencies, virtual assets or similar concepts, where the concept is accepted by persons as:

* a means of payment of goods or services;
* a unit of account; or
* a store of value or a commodity.

Please note that a VASP is sometimes also referred to as Convertible Virtual Currency ("CVC") business. The definition above applies both to VASPs and CVC businesses equally.

What is a VASP - Revision history