Virtual asset services encompass a range of financial and technological offerings related to cryptocurrencies and other digital assets. These services include exchanges, custodial solutions, lending platforms, and transfer mechanisms. Providers of these services facilitate the buying, selling, holding, and moving of virtual assets for their clients. They operate at the intersection of traditional finance and the emerging digital asset economy.
Context
News frequently reports on regulatory frameworks being developed globally to govern virtual asset services, aiming to prevent money laundering and terrorist financing. The compliance landscape for these services is rapidly evolving, requiring providers to adapt to new legal obligations. Discussions often center on the need for clear guidelines to foster innovation while mitigating risks associated with digital asset transactions.
Global crypto service providers must immediately implement new due diligence and data architecture to support automatic tax information exchange starting January 2026.
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