VASP is a FATF standards term, so jurisdictions may implement it through different legal categories and licensing regimes. In the EU, MiCA uses CASP for many crypto-asset service providers; in the United States, FinCEN may analyze some activity through the MSB framework.
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Glossary term
What is VASP?
VASP means virtual asset service provider, the FATF term for a person or business that conducts covered virtual-asset activities for or on behalf of another person. Covered activities include exchange, transfer, safekeeping or administration, and certain financial services related to issuing or selling virtual assets.