# Virtual asset transfer (FATF)

Source page: https://protegra.io/licensing/activities/vasp-transfer/

Conducting transactions that transfer virtual assets between addresses or accounts on behalf of clients internationally requires a virtual asset service provider (VASP) licence or a money transmitter registration under the FATF Glossary (iii). These national regimes enforce the FATF travel rule, requiring verifiable originator and beneficiary data transmission alongside qualifying blockchain transactions.

## Definition

Conducting transactions that move virtual assets between addresses or accounts on behalf of another person.

- FATF, Glossary: virtual asset service provider (iii): [official text](https://www.fatf-gafi.org/en/pages/fatf-glossary.html)

## Which licence you need

Licence families that typically permit this activity:

- [Virtual asset service provider (non-MiCA)](https://protegra.io/licensing/licences/vasp/)
- [Money transmitter / money services business (MSB)](https://protegra.io/licensing/licences/money-transmitter/)

- [VASP · Abu Dhabi Global Market (ADGM)Financial Services Permission with Virtual Asset Activities EndorsementFSRA](https://protegra.io/licensing/licences/vasp/adgm/)
- [VASP · AustraliaRegistration as a virtual asset service provider (VASP) on the AUSTRAC Virtual Asset Service Provider Register (formerly the Digital Currency Exchange Register)AUSTRAC](https://protegra.io/licensing/licences/vasp/australia/)
- [VASP · BermudaDigital Asset Business Class F (Full) LicenceBMA](https://protegra.io/licensing/licences/vasp/bermuda-f/)
- [VASP · BermudaDigital Asset Business Class M (Modified) LicenceBMA](https://protegra.io/licensing/licences/vasp/bermuda-m/)
- [VASP · BermudaDigital Asset Business Class T (Test) LicenceBMA](https://protegra.io/licensing/licences/vasp/bermuda-t/)
- [VASP · British Virgin IslandsVirtual Assets Service Provider RegistrationBVI FSC](https://protegra.io/licensing/licences/vasp/bvi/)
- [VASP · Cayman IslandsVirtual Asset Service Provider RegistrationCIMA](https://protegra.io/licensing/licences/vasp/cayman-islands-registration/)
- [VASP · Dubai (VARA)Virtual Asset Transfer and Settlement Services LicenceVARA](https://protegra.io/licensing/licences/vasp/dubai-transfer-settlement/)
- [VASP · Dubai International Financial Centre (DIFC)Financial Services Permission with Crypto Token Activities EndorsementDFSA](https://protegra.io/licensing/licences/vasp/difc/)
- [VASP · El SalvadorProveedor de Servicios de Activos Digitales (PSAD) registrationCNAD](https://protegra.io/licensing/licences/vasp/el-salvador/)
- [VASP · IrelandVirtual Asset Service Provider AML/CFT RegistrationCBI](https://protegra.io/licensing/licences/vasp/ireland/)
- [VASP · MauritiusVirtual Asset Wallet Services (Class O)FSC](https://protegra.io/licensing/licences/vasp/mauritius-class-o/)
- [VASP · SeychellesVirtual Asset Service Provider Licence / Registration (Wallet Provider, Exchange, Broking, Investment Provider) under the Virtual Asset Service Providers Act 2024FSA](https://protegra.io/licensing/licences/vasp/seychelles/)
- [VASP · South AfricaCrypto Asset Service Provider licence (an FSP authorisation category under FAIS, not a MiCA-equivalent regime)FSCA](https://protegra.io/licensing/licences/vasp/south-africa/)
- [VASP · SwitzerlandFinancial intermediary / VASP SRO affiliation (Finanzintermediär nach Art. 2 Abs. 3 GwG / AMLA)FINMA](https://protegra.io/licensing/licences/vasp/switzerland/)
- [VASP · United KingdomCryptoasset Business Registration (MLRs 2017)FCA](https://protegra.io/licensing/licences/vasp/united-kingdom/)

## Where it can be licensed

| | EU/EEA passport | Domestic |
| --- | --- | --- |
| [Abu Dhabi Global Market (ADGM): Financial Services Permission with Virtual Asset Activities Endorsement](https://protegra.io/licensing/licences/vasp/adgm/) | | ✓ |
| [Australia: Registration as a virtual asset service provider (VASP) on the AUSTRAC Virtual Asset Service Provider Register (formerly the Digital Currency Exchange Register)](https://protegra.io/licensing/licences/vasp/australia/) | | ✓ |
| [Bermuda: Digital Asset Business Class F (Full) Licence](https://protegra.io/licensing/licences/vasp/bermuda-f/) | | ✓ |
| [Bermuda: Digital Asset Business Class M (Modified) Licence](https://protegra.io/licensing/licences/vasp/bermuda-m/) | | ✓ |
| [Bermuda: Digital Asset Business Class T (Test) Licence](https://protegra.io/licensing/licences/vasp/bermuda-t/) | | ✓ |
| [British Virgin Islands: Virtual Assets Service Provider Registration](https://protegra.io/licensing/licences/vasp/bvi/) | | ✓ |
| [Cayman Islands: Virtual Asset Service Provider Registration](https://protegra.io/licensing/licences/vasp/cayman-islands-registration/) | | ✓ |
| [Dubai (VARA): Virtual Asset Transfer and Settlement Services Licence](https://protegra.io/licensing/licences/vasp/dubai-transfer-settlement/) | | ✓ |
| [Dubai International Financial Centre (DIFC): Financial Services Permission with Crypto Token Activities Endorsement](https://protegra.io/licensing/licences/vasp/difc/) | | ✓ |
| [El Salvador: Proveedor de Servicios de Activos Digitales (PSAD) registration](https://protegra.io/licensing/licences/vasp/el-salvador/) | | ✓ |
| [Ireland: Virtual Asset Service Provider AML/CFT Registration](https://protegra.io/licensing/licences/vasp/ireland/) | | ✓ |
| [Mauritius: Virtual Asset Wallet Services (Class O)](https://protegra.io/licensing/licences/vasp/mauritius-class-o/) | | ✓ |
| [Seychelles: Virtual Asset Service Provider Licence / Registration (Wallet Provider, Exchange, Broking, Investment Provider) under the Virtual Asset Service Providers Act 2024](https://protegra.io/licensing/licences/vasp/seychelles/) | | ✓ |
| [South Africa: Crypto Asset Service Provider licence (an FSP authorisation category under FAIS, not a MiCA-equivalent regime)](https://protegra.io/licensing/licences/vasp/south-africa/) | | ✓ |
| [Switzerland: Financial intermediary / VASP SRO affiliation (Finanzintermediär nach Art. 2 Abs. 3 GwG / AMLA)](https://protegra.io/licensing/licences/vasp/switzerland/) | | ✓ |
| [United Kingdom: Cryptoasset Business Registration (MLRs 2017)](https://protegra.io/licensing/licences/vasp/united-kingdom/) | | ✓ |

## Frequently asked questions

### What threshold triggers the FATF travel rule for virtual asset transfers?

FATF standards recommend enforcing the travel rule for virtual asset transfers exceeding prescribed de minimis thresholds. However, several countries have removed minimum thresholds entirely, applying full information exchange requirements to all transactions.

### How do non-EU jurisdictions regulate cross-border crypto remittances?

Cross-border crypto transfers are typically regulated under national money transmission laws or dedicated virtual asset regulations. In the United States, for example, providers must obtain state-level money transmitter licences alongside federal FinCEN registration.

## Sources

1. [FATF Glossary: virtual asset service provider (iii)](https://www.fatf-gafi.org/en/pages/fatf-glossary.html): retrieved 2026-09-24

Last verified 2026-09-24 · Author: Danil Marmysh · Reviewed by Anastasia Sidorenkova · © Protegra. Data: CC BY 4.0, cite "Protegra Licensing Atlas". Not legal advice.