A VASP Compliance Framework is a structured set of rules, policies, and procedures that Virtual Asset Service Providers (VASPs) must implement to meet regulatory obligations. These frameworks typically address anti-money laundering (AML), counter-terrorist financing (CTF), and know-your-customer (KYC) requirements. It ensures legal adherence for digital asset businesses.
Context
The establishment of robust VASP compliance frameworks is a global priority for financial regulators aiming to mitigate risks associated with digital assets. Jurisdictions worldwide are developing and enforcing these frameworks, requiring VASPs to adopt stringent operational standards. This area remains a significant focus for industry participants seeking to operate legally and build trust within the digital asset ecosystem.
Firms must immediately integrate enhanced compliance controls for lending and IEO mechanisms, shifting from a permissive model to a rigorous, disclosure-centric framework.
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.
