DASP, or Digital Asset Service Provider, designates any entity offering services related to digital assets, such as exchanges, custodians, or wallet providers. These providers facilitate various operations, including buying, selling, transferring, and storing cryptocurrencies. They act as intermediaries, connecting users to the digital asset ecosystem. Their operations are often subject to specific regulatory oversight.
Context
The regulatory landscape for DASPs is a central point of discussion in crypto news, as jurisdictions worldwide work to establish appropriate frameworks. The situation involves balancing consumer protection and anti-money laundering measures with supporting innovation. Future developments will likely include more standardized global regulations and licensing requirements for DASPs, impacting their operational scope and market access.
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