Glossary > Virtual asset service providers ( VASPs )
Virtual asset service providers or VASPs is a broad term that refers to companies providing services related to cryptocurrencies.
Virtual assets are digital representations of value that can be traded or transferred digitally and used for payment or investment purposes. Virtual assets do not include digital representations of fiat currencies, securities or other financial assets that have been identified elsewhere in the FATF guidelines.
According to the FATF’s definition, a VASP is a business that conducts one or more of the following activities:
More simply put, exchanges, peer-to-peer (P2P) exchanges, crypto ATMs, custodians, or OTC desks are VASPs for example.
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