Virtual Asset Activities

Definition ∞ Virtual asset activities refer to any operations involving cryptocurrencies, tokens, or other digital representations of value. These activities include the exchange, transfer, custody, or issuance of virtual assets by individuals or entities. They encompass a broad range of services within the digital economy, from trading on centralized exchanges to participating in decentralized finance protocols. Understanding these activities is crucial for comprehending the functional scope of the digital asset market.
Context ∞ The regulation of virtual asset activities is a rapidly evolving area, with global bodies like the Financial Action Task Force issuing guidelines to combat money laundering and terrorist financing. Jurisdictions are implementing various licensing regimes and compliance requirements for service providers engaged in these operations. This regulatory push aims to bring greater oversight and accountability to the expanding digital asset sector.