While some countries have introduced specific licensing and registration regimes for virtual asset service providers (VASPs), others have applied or extended existing regimes to include virtual asset (VA) activities.
Countries like the United States, Switzerland, Germany, Russia and the United Arab Emirates (UAE) have brought VASPs into the scope of existing financial services regimes without a VASP category. This ambiguity makes it challenging for financial services businesses to determine whether or not certain counterparts or clients are VASPs.
VASPnet’s latest product, VASPindex, leverages data acquired directly from regulators and information gathered from company registers, media coverage, and other online activity to assess risk factors and generate a probability score that a service provider is offering VA services.
Read our latest report to learn more about what this new dataset reveals.