VASPs_Require_License

Whether Virtual Asset Service Providers (VASPs) must register or be licensed to operate legally within the jurisdiction.

High Priority Compare Live vs Latest

Possible Values

Status values that can be assigned to this topic

Value	Definition	Order
Mandatory-License	VASPs are legally required to obtain a specific license from a designated regulatory authority to operate. This typically involves meeting comprehensive operational, security, and compliance standards.	0
Registration-Only	VASPs are required to register with a regulatory body, primarily for oversight (e.g., AML/CFT monitoring), but this process is generally less stringent than full licensing.	1
Optional-License	A specific VASP licensing regime may exist, but obtaining it is not mandatory for operation. It might confer benefits or be required only for certain specific activities, while basic VASP operations might only need standard business registration.	2
No-License-Required	There are no specific VASP licensing or registration requirements beyond general business laws (if applicable). VASPs can operate without specific authorization.	3
Unclear	The legal or regulatory requirements regarding VASP licensing or registration are ambiguous, lack official clarification, or have conflicting interpretations.	4
In-Progress	A regulatory framework requiring VASP licensing or registration is actively being developed, debated, or legislated but is not yet finalized or in effect.	5
Banned	Operating as a Virtual Asset Service Provider is explicitly prohibited within the jurisdiction.	6

Countries analyzed for VASPs_Require_License

Run an analysis for this topic to see results.