Structures / VASP
Virtual Asset Service Providers
VASP licensing under VAITOS Act 2021.
Virtual Asset Service Provider licensing and ongoing virtual-asset compliance under the VAITOS Act 2021. Five licence classes: Class M (Broker-Dealer), Class O (Wallet), Class R (Custodian), Class I (Advisory), Class S (Marketplace).
At a glance
- Statute
- VAITOS Act 2021
- Classes
- Class M, O, R, I, S
- Tax
- 15% headline rate; effective rates can be as low as 3% on qualifying income, subject to applicable conditions
- Setup
- 16–28 weeks. All timelines are indicative and subject to completeness, FSC review, regulatory queries and approval.
- Scope
- Exchange, wallet, custody, advisory, marketplace
- Compliance
- Travel rule, AML/CFT, sanctions
Used for
- 01
Centralised and decentralised exchanges
- 02
Digital asset custody for institutional clients
- 03
Wallet and transfer services
- 04
Virtual-asset advisory and consulting
Ongoing obligations
- 01
AML/CFT framework for virtual assets
- 02
Travel-rule compliance
- 03
Transaction monitoring and sanctions screening
- 04
Custody arrangement design
- 05
FSC reporting and beneficial-ownership refresh
Designed For
Exchanges and brokers
Centralised exchanges, broker-dealers and OTC desks needing a regulated home.
Custodians
Digital-asset custodians serving institutional clients globally.
Wallet providers
Fintech companies offering hosted wallet and transfer solutions.
Advisory firms
Consultants providing virtual-asset investment advice.
How AcuFin supports it
Common questions
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