Cryptoasset Service Provider

Definition ∞ A cryptoasset service provider is an entity that offers services related to digital assets, such as exchanges, custodians, or wallet providers. These firms facilitate the buying, selling, storing, and transferring of cryptocurrencies and other digital assets for individuals and institutions. They operate as intermediaries within the digital asset ecosystem.
Context ∞ Regulatory scrutiny of cryptoasset service providers is a constant theme in global financial news, with jurisdictions establishing licensing requirements and anti-money laundering obligations. The compliance efforts and operational security of these providers are critical for investor protection and market integrity. News often highlights regulatory actions, new licenses granted, or security incidents involving these entities, shaping public perception and market trust.