A crypto asset service refers to any professional activity involving digital assets for third parties. These services encompass a broad array of operations, such as exchanging virtual assets for fiat currency or other virtual assets, transferring virtual assets, and providing custody or administration of virtual assets. They also include participation in and provision of financial services related to an issuer’s offer or sale of a virtual asset. Such services are fundamental to the operation and accessibility of the wider digital asset economy.
Context
The regulatory environment surrounding crypto asset services is a significant area of discussion, with jurisdictions worldwide working to establish clear licensing and compliance requirements. Concerns often pertain to anti-money laundering (AML), counter-terrorist financing (CTF), and consumer protection measures. Evolving frameworks like MiCA in Europe aim to standardize operations, affecting how these services operate globally.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
