Tag Archives: Virtual Asset Service Provider VASP

In-depth analysis of the VASP (Virtual Asset Service Provider) licensing regime, covering FATF recommendations and implementation practices in various countries.

South Africa's FSCA has not yet restored the license of South African exchange Banxso
South Africa's FSCA has not yet restored the license of South African exchange Banxso

Aiying reported that the Financial Conduct Authority (FSCA) of South Africa announced that although the Westgap High Court has withdrawn the South African exchange Banx

12
June
Hong Kong to issue more cryptocurrency exchange licenses, strengthen AI policy in financial sector
Hong Kong to issue more cryptocurrency exchange licenses, strengthen AI policy in financial sector

Hong Kong’s Securities and Futures Commission plans to expand the scope of licensing for cryptocurrency exchanges and launch policy guidelines on artificial intelligence to strengthen financial innovation in key areas. Hong Kong Securities and Futures Commission

30
June
Argentina officially registers VASP and joins Binance global network
Argentina officially registers VASP and joins Binance global network

Binance has obtained VASP registration in Argentina, marking a key step towards compliance with the National Securities Commission. This achievement makes Argentina the first country to win Binance

02
June
Spanish Crypto Exchange Bit2Me Obtains Virtual Asset Service Provider License in Argentina
Spanish Crypto Exchange Bit2Me Obtains Virtual Asset Service Provider License in Argentina

The registry was launched by Argentina’s National Securities Commission in March and has received 79 approvals so far. In March this year, CNV opened virtual assets

14
June
HKDAX has submitted an application for a virtual asset trading platform license to the Hong Kong Securities and Futures Commission on August 8.
HKDAX has submitted an application for a virtual asset trading platform license to the Hong Kong Securities and Futures Commission on August 8.

Aiying reported that the Hong Kong Securities and Futures Commission’s official website updated the application information for the virtual asset trading platform license, which showed that HKDAX had been

31
June
Cryptocurrency exchange HKX decides to shut down Hong Kong operations, reminds users to withdraw assets as soon as possible
Cryptocurrency exchange HKX decides to shut down Hong Kong operations, reminds users to withdraw assets as soon as possible

Cryptocurrency exchange HKX has decided to shut down its operations in Hong Kong, joining a growing number of cryptocurrency exchanges that have withdrawn from the city’s Securities and Futures Commission (SFC).

23
June
HKX's application for a Hong Kong virtual asset trading platform license was withdrawn on July 7
HKX's application for a Hong Kong virtual asset trading platform license was withdrawn on July 7

According to the updated data on the official website of the Hong Kong Securities and Futures Commission on July 7, HKX’s application for a virtual asset trading platform license submitted to the Hong Kong Securities and Futures Commission was approved on July 18.

18
June
Trading 212’s cryptocurrency business receives CySEC license
Trading 212’s cryptocurrency business receives CySEC license

Trading 212 Crypto Ltd is a newly established subsidiary of London-based online broker Trading 212.

19
June
Zimbabwe regulator develops framework for virtual asset trading
Zimbabwe regulator develops framework for virtual asset trading

Aiying reported that the Securities and Exchange Commission of Zimbabwe (SECZ) and the Reserve Bank of Zimbabwe (RBZ) are developing a framework for virtual asset trading.

18
June
Crypto exchanges holding out in Hong Kong see value in regulators’ 'safety first' approach
Crypto exchanges holding out in Hong Kong see value in regulators’ 'safety first' approach

Hong Kong’s restrictive regulatory regime for cryptocurrency exchanges has sent mixed signals after 11 exchanges were set to receive licenses, raising concerns among some about the city’s “safe” status.

09
June
Robinhood acquires Bitstamp to expand cryptocurrency market presence and obtain more than 50 global licenses
Robinhood acquires Bitstamp to expand cryptocurrency market presence and obtain more than 50 global licenses

Robinhood has acquired Bitstamp for $2 million, a strategic move aimed at expanding its influence in the cryptocurrency market. This transaction is not only for

07
June
Hong Kong Securities and Futures Commission: All virtual asset trading platforms that are "deemed to be licensed" are expected to be licensed by the end of the year
Hong Kong Securities and Futures Commission: All virtual asset trading platforms that are "deemed to be licensed" are expected to be licensed by the end of the year

The 12-month licensing transition period for virtual asset trading platforms has ended, and 11 platforms are temporarily deemed to have been licensed. SFC CEO Leung Fung-yee said that further research will be conducted.

06
June
Hong Kong Securities and Futures Commission: The non-violation period for virtual asset trading platforms operating in Hong Kong will end on June 6
Hong Kong requires license applicants to sign a letter of commitment. The absence of mainland users has led to a large number of exchanges withdrawing their applications.

On June 6, Hong Kong announced 1 applicants who were deemed-to-be-licensed.

01
June
Bybit’s application for a Hong Kong virtual asset trading platform license was withdrawn on May 5
Bybit’s application for a Hong Kong virtual asset trading platform license was withdrawn on May 5

According to the updated data on the official website of the Hong Kong Securities Regulatory Commission, Bybit’s application for a virtual asset trading platform license submitted to the Hong Kong Securities Regulatory Commission has been approved.

01
June
Hong Kong Securities and Futures Commission: The non-violation period for virtual asset trading platforms operating in Hong Kong will end on June 6
Overview of the current status of virtual asset trading platform licensing applications in Hong Kong

On June 6, the Hong Kong Securities and Futures Commission updated the list of virtual asset trading platforms. According to the Anti-Money Laundering and Terrorist Financing Ordinance, HKbitEX, Pant

01
June
Fosun's financial platform obtains virtual asset trading service license from China Securities Regulatory Commission
Fosun's financial platform obtains virtual asset trading service license from China Securities Regulatory Commission

Fosun International Securities, a subsidiary of Fosun Fortune International Holdings, announced that it has been preliminarily approved by the Hong Kong Securities Regulatory Commission to provide a virtual asset trading service license. Fosun Fortune International Holdings is a subsidiary of Fosun International.

31
June
11 exchanges withdraw their applications, Hong Kong virtual asset market still needs to wait for compliance results
11 exchanges withdraw their applications, Hong Kong virtual asset market still needs to wait for compliance results

Almost all the mainstream large firms have withdrawn from Hong Kong. On February 2024, 2, the Hong Kong Securities and Futures Commission publicly announced that the application deadline for virtual asset trading platforms has been closed.

31
June
HashKey Exchange obtains AMLO license, HashKey Group has become a Hong Kong virtual asset full-license unicorn
HashKey Exchange obtains AMLO license, HashKey Group has become a Hong Kong virtual asset full-license unicorn

Aiying reported on May 5 that HashKey Exchange has successfully obtained the AMLO license of the Hong Kong Securities and Futures Commission (《Combat

31
June
18 platforms applying for virtual asset trading licenses will have to terminate their business if they fail to operate after the one-year transition period expires at the end of the month
18 platforms applying for virtual asset trading licenses will have to terminate their business if they fail to operate after the one-year transition period expires at the end of the month

The CSRC introduced a licensing system for virtual asset trading platforms about a year ago, but it has a one-year transition period, which ends at the end of this month.

29
June
Hong Kong Securities and Futures Commission: The non-violation period for virtual asset trading platforms operating in Hong Kong will end on June 6
Hong Kong Securities and Futures Commission: The non-violation period for virtual asset trading platforms operating in Hong Kong will end on June 6

Aiying reported that the Hong Kong Securities and Futures Commission issued a statement on the end of the non-violation period of virtual asset trading platforms. The Securities and Futures Commission reminded the public that the applicable

28
June

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