# Virtual asset service provider (non-MiCA) Source page: https://protegra.io/licensing/licences/vasp/ A virtual asset service provider (VASP) licence or registration is the non-EU equivalent of a crypto authorisation, based on the FATF definition of virtual asset activities. Regimes range from full licences with capital and conduct rules, as in Dubai, Singapore or Hong Kong, to anti-money-laundering registrations only, as in several offshore and emerging-market jurisdictions. ## Where the VASP licence is available _Jurisdictions in the Atlas that issue a VASP licence. Click a country for its page._ ## Comparison by country | Country | Regulator | Min. capital | Statutory time | Passport | | --- | --- | --- | --- | --- | | [Abu Dhabi Global Market (ADGM)](https://protegra.io/licensing/licences/vasp/adgm/) | [FSRA](https://protegra.io/licensing/regulators/fsra-adgm/) |: |: | Domestic | | [Australia](https://protegra.io/licensing/licences/vasp/australia/) | [AUSTRAC](https://protegra.io/licensing/regulators/austrac-australia/) |: |: | Domestic | | [Bermuda](https://protegra.io/licensing/licences/vasp/bermuda-f/) | [BMA](https://protegra.io/licensing/regulators/bma-bermuda/) |: |: | Domestic | | [Bermuda](https://protegra.io/licensing/licences/vasp/bermuda-m/) | [BMA](https://protegra.io/licensing/regulators/bma-bermuda/) |: |: | Domestic | | [Bermuda](https://protegra.io/licensing/licences/vasp/bermuda-t/) | [BMA](https://protegra.io/licensing/regulators/bma-bermuda/) |: |: | Domestic | | [British Virgin Islands](https://protegra.io/licensing/licences/vasp/bvi/) | [BVI FSC](https://protegra.io/licensing/regulators/bvi-fsc/) |: |: | Domestic | | [Cayman Islands](https://protegra.io/licensing/licences/vasp/cayman-islands-licence/) | [CIMA](https://protegra.io/licensing/regulators/cima-cayman/) |: |: | Domestic | | [Cayman Islands](https://protegra.io/licensing/licences/vasp/cayman-islands-registration/) | [CIMA](https://protegra.io/licensing/regulators/cima-cayman/) |: |: | Domestic | | [Dubai (VARA)](https://protegra.io/licensing/licences/vasp/dubai-advisory/) | [VARA](https://protegra.io/licensing/regulators/vara-dubai/) |: |: | Domestic | | [Dubai (VARA)](https://protegra.io/licensing/licences/vasp/dubai-broker-dealer/) | [VARA](https://protegra.io/licensing/regulators/vara-dubai/) |: |: | Domestic | | [Dubai (VARA)](https://protegra.io/licensing/licences/vasp/dubai-custody/) | [VARA](https://protegra.io/licensing/regulators/vara-dubai/) |: |: | Domestic | | [Dubai (VARA)](https://protegra.io/licensing/licences/vasp/dubai-exchange/) | [VARA](https://protegra.io/licensing/regulators/vara-dubai/) |: |: | Domestic | | [Dubai (VARA)](https://protegra.io/licensing/licences/vasp/dubai-lending-borrowing/) | [VARA](https://protegra.io/licensing/regulators/vara-dubai/) |: |: | Domestic | | [Dubai (VARA)](https://protegra.io/licensing/licences/vasp/dubai-management-investment/) | [VARA](https://protegra.io/licensing/regulators/vara-dubai/) |: |: | Domestic | | [Dubai (VARA)](https://protegra.io/licensing/licences/vasp/dubai-transfer-settlement/) | [VARA](https://protegra.io/licensing/regulators/vara-dubai/) |: |: | Domestic | | [Dubai International Financial Centre (DIFC)](https://protegra.io/licensing/licences/vasp/difc/) | [DFSA](https://protegra.io/licensing/regulators/dfsa-difc/) |: |: | Domestic | | [El Salvador](https://protegra.io/licensing/licences/vasp/el-salvador/) | [CNAD](https://protegra.io/licensing/regulators/cnad-el-salvador/) |: | 0.9 mo | Domestic | | [Germany](https://protegra.io/licensing/licences/vasp/germany-custody/) | [BaFin](https://protegra.io/licensing/regulators/bafin-germany/) |: |: | Domestic | | [Ireland](https://protegra.io/licensing/licences/vasp/ireland/) | [CBI](https://protegra.io/licensing/regulators/central-bank-of-ireland/) |: |: | Domestic | | [Mauritius](https://protegra.io/licensing/licences/vasp/mauritius-class-i/) | [FSC](https://protegra.io/licensing/regulators/fsc-mauritius/) |: |: | Domestic | | [Mauritius](https://protegra.io/licensing/licences/vasp/mauritius-class-m/) | [FSC](https://protegra.io/licensing/regulators/fsc-mauritius/) |: |: | Domestic | | [Mauritius](https://protegra.io/licensing/licences/vasp/mauritius-class-o/) | [FSC](https://protegra.io/licensing/regulators/fsc-mauritius/) |: |: | Domestic | | [Mauritius](https://protegra.io/licensing/licences/vasp/mauritius-class-r/) | [FSC](https://protegra.io/licensing/regulators/fsc-mauritius/) |: |: | Domestic | | [Mauritius](https://protegra.io/licensing/licences/vasp/mauritius-class-s/) | [FSC](https://protegra.io/licensing/regulators/fsc-mauritius/) |: |: | Domestic | | [Seychelles](https://protegra.io/licensing/licences/vasp/seychelles/) | [FSA](https://protegra.io/licensing/regulators/fsa-seychelles/) |: |: | Domestic | | [South Africa](https://protegra.io/licensing/licences/vasp/south-africa/) | [FSCA](https://protegra.io/licensing/regulators/fsca-south-africa/) |: |: | Domestic | | [Switzerland](https://protegra.io/licensing/licences/vasp/switzerland/) | [FINMA](https://protegra.io/licensing/regulators/finma-switzerland/) |: |: | Domestic | | [United Kingdom](https://protegra.io/licensing/licences/vasp/united-kingdom/) | [FCA](https://protegra.io/licensing/regulators/fca-uk/) |: | 3 mo | Domestic | Values come from each country's page, where every figure has its source. ## Activities this family typically covers - [Custody and administration of crypto-assets](https://protegra.io/licensing/activities/crypto-custody/) - [Operating a crypto-asset trading platform](https://protegra.io/licensing/activities/crypto-trading-platform/) - [Exchange of crypto-assets for funds](https://protegra.io/licensing/activities/crypto-fiat-exchange/) - [Exchange of crypto-assets for other crypto-assets](https://protegra.io/licensing/activities/crypto-crypto-exchange/) - [Execution of orders for crypto-assets on behalf of clients](https://protegra.io/licensing/activities/crypto-order-execution/) - [Transfer services for crypto-assets](https://protegra.io/licensing/activities/crypto-transfer/) - [Virtual asset exchange (FATF)](https://protegra.io/licensing/activities/vasp-exchange/) - [Virtual asset transfer (FATF)](https://protegra.io/licensing/activities/vasp-transfer/) - [Virtual asset safekeeping (FATF)](https://protegra.io/licensing/activities/vasp-custody/) - [Services related to token offerings (FATF)](https://protegra.io/licensing/activities/vasp-issuer-services/) ## All licences in this family - [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 Licence (custody or trading platform services, Phase 2)CIMA](https://protegra.io/licensing/licences/vasp/cayman-islands-licence/) - [VASP · Cayman IslandsVirtual Asset Service Provider RegistrationCIMA](https://protegra.io/licensing/licences/vasp/cayman-islands-registration/) - [VASP · Dubai (VARA)Virtual Asset Advisory Services LicenceVARA](https://protegra.io/licensing/licences/vasp/dubai-advisory/) - [VASP · Dubai (VARA)Virtual Asset Broker-Dealer Services LicenceVARA](https://protegra.io/licensing/licences/vasp/dubai-broker-dealer/) - [VASP · Dubai (VARA)Virtual Asset Custody Services LicenceVARA](https://protegra.io/licensing/licences/vasp/dubai-custody/) - [VASP · Dubai (VARA)Virtual Asset Exchange Services LicenceVARA](https://protegra.io/licensing/licences/vasp/dubai-exchange/) - [VASP · Dubai (VARA)Virtual Asset Lending and Borrowing Services LicenceVARA](https://protegra.io/licensing/licences/vasp/dubai-lending-borrowing/) - [VASP · Dubai (VARA)Virtual Asset Management and Investment Services LicenceVARA](https://protegra.io/licensing/licences/vasp/dubai-management-investment/) - [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 · GermanyQualified crypto custody licence (Erlaubnis für das qualifizierte Kryptoverwahrgeschäft nach § 1 Absatz 1a Satz 2 Nummer 6 KWG)BaFin](https://protegra.io/licensing/licences/vasp/germany-custody/) - [VASP · IrelandVirtual Asset Service Provider AML/CFT RegistrationCBI](https://protegra.io/licensing/licences/vasp/ireland/) - [VASP · MauritiusVirtual Asset Advisory Services (Class I)FSC](https://protegra.io/licensing/licences/vasp/mauritius-class-i/) - [VASP · MauritiusVirtual Asset Broker-Dealer (Class M)FSC](https://protegra.io/licensing/licences/vasp/mauritius-class-m/) - [VASP · MauritiusVirtual Asset Wallet Services (Class O)FSC](https://protegra.io/licensing/licences/vasp/mauritius-class-o/) - [VASP · MauritiusVirtual Asset Custodian (Class R)FSC](https://protegra.io/licensing/licences/vasp/mauritius-class-r/) - [VASP · MauritiusVirtual Asset Market Place (Class S)FSC](https://protegra.io/licensing/licences/vasp/mauritius-class-s/) - [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/) ## Sources 1. [FATF Glossary: virtual asset service provider](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.