{"id":66653,"date":"2023-03-17T15:21:45","date_gmt":"2023-03-17T09:51:45","guid":{"rendered":"https:\/\/mudrex.com\/blog\/?page_id=66653"},"modified":"2023-03-17T15:22:39","modified_gmt":"2023-03-17T09:52:39","slug":"what-is-a-virtual-assets-service-provider-vasp","status":"publish","type":"page","link":"https:\/\/mudrex.com\/blog\/what-is-a-virtual-assets-service-provider-vasp\/","title":{"rendered":"What Is a Virtual Assets Service Provider (VASP)?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Financial Action Task Force (FATF), global money laundering and terrorist financing watchdog, defines a VASP as any entity that conducts one or more of the following activities:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Allows exchange between virtual assets and fiat currencies<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Enables exchange between one or more forms of virtual assets<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Facilitates transfer of virtual assets<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Safekeeps and\/or administers virtual assets or instruments enabling control over virtual assets<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Participates in and provides financial services related to the sale of virtual assets<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">All VASPs are required to stringently fulfill anti-money laundering and KYC requirements by the FATF and national regulators. Moreover, VASPs must report any suspicious activity on their platform to regulators.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Financial Action Task Force (FATF), global money laundering and terrorist financing watchdog, defines a VASP as any entity that conducts one or more of the following activities: Allows exchange between virtual assets and fiat currencies Enables exchange between one or more forms of virtual assets Facilitates transfer of virtual assets Safekeeps and\/or administers virtual [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_eb_attr":"","footnotes":""},"_links":{"self":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/pages\/66653"}],"collection":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/comments?post=66653"}],"version-history":[{"count":2,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/pages\/66653\/revisions"}],"predecessor-version":[{"id":66656,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/pages\/66653\/revisions\/66656"}],"wp:attachment":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/media?parent=66653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}