#vasps

[beezerz]

me when i'm online/on minecraft: ✨💕B E E S💕✨

me irl: b-bees? 💕

me late at night in my house whenever I hear some buzzing noise: *takes crucifix* bEEs??¿¿??

[rwatimes]

Everything You Need to Know about Digital Asset Service Providers: A Finprime.pro Review of DASPs

Finprime.pro review explains DASP and VASP, digital assets, and crypto regulation 2026 for beginners in this easy guide. for safe investment and compliance.

➤ The article defines Digital Asset Service Providers (DASPs) or Virtual Asset Service Providers (VASPs) as businesses facilitating digital asset services, acting as a bridge between users and crypto markets. ➤ It highlights the increasing regulatory scrutiny in 2026, with frameworks like MiCA, DAC8, and CARF mandating licenses, KYC, AML, and transaction reporting, pushing crypto closer to traditional finance. ➤ DASPs are prioritizing security, custody, and transparency due to investor concerns, signaling a maturing and more regulated digital asset ecosystem.

[rwatimes]

South Korea Crypto Sector Faces AML Rule Pushback, Compliance Risk

South Korea’s cryptocurrency sector is sounding the alarm over proposed AML rule changes that could force virtual asset service providers (VASPs) to report all overseas-linked transfers valued at 10 million won or more as suspicious by default. Industry observers warn that such a...

➤ South Korea's crypto sector is pushing back against proposed AML rule changes that would mandate reporting of all overseas-linked transfers over 10 million won as suspicious. ➤ Industry bodies like DAXA warn these changes could drastically increase SAR filings, overwhelming compliance operations and potentially hindering legitimate activity. ➤ The proposed rules are part of a global trend towards tighter crypto regulation, but exchanges are also challenging existing sanctions in court, highlighting tensions between enforcement and practical compliance.

[rwatimes]

South Korea’s Crypto Industry Warns AML Proposal Risks Overreach

South Korea’s crypto sector is bracing for tighter AML supervision, as the Financial Services Commission (FSC) and the Financial Intelligence Unit (FIU) circulate amendments that would compel domestic virtual asset service providers (VASPs) to classify overseas-linked transfers o...

➤ South Korea's crypto industry, represented by DAXA, is pushing back against proposed AML regulations that would classify all overseas-linked transfers over 10 million won as suspicious. ➤ The industry group warns that this blanket approach could lead to an 85-fold increase in suspicious activity reports, overwhelming compliance systems and regulators. ➤ The proposed changes, currently in public consultation, highlight a tension between the desire for stricter oversight and the practical challenges of implementation, with ongoing court cases also shaping the regulatory landscape.

[rwatimes]

Understanding VASPs: How crypto exchanges protect assets and power Africa’s digital financial future

#FeaturedPost | Business Insider Africa

➤ Virtual Asset Service Providers (VASPs), such as crypto exchanges, are becoming crucial infrastructure for Africa's digital financial future, enabling faster, lower-cost cross-border payments and expanding financial inclusion. ➤ Regulated VASPs implement robust security measures like 2FA, KYC, and AML frameworks to protect user funds and combat illicit activities, fostering trust and institutional participation. ➤ While regulatory clarity is evolving across the continent, VASPs are supporting fintech innovation and economic participation, though risks like volatility and scams remain considerations.

[rwatimes]

Pakistan Lifts Crypto Banking Ban After 7 Years

Pakistan’s central bank now allows local financial institutions to open accounts for registered virtual asset service providers (VASPs) and their clients, according to a statement by the virtual asset regulator. With this move, the central bank has lifted a seven-year ban on cryptocurrency operations.In 2018, the country banned all banks from providing their services to […]

➤ Pakistan has lifted a seven-year ban on cryptocurrency banking, allowing financial institutions to serve registered virtual asset service providers (VASPs) following the passage of the Virtual Assets Act. ➤ This move aims to integrate digital assets into the formal financial system, attract foreign investment, and position Pakistan as an emerging digital asset hub, despite ongoing concerns about AML and market volatility. ➤ The country is actively seeking global partnerships and exploring initiatives like stablecoin integration and tokenization of real-world assets to modernize its financial infrastructure.

[pavel-nosok]

Second Largest Crypto Exchange Offers Spot Trading of Virtual Assets in Hong Kong | Coingape

OKX, the world’s second-largest cryptocurrency exchange by trading volume and a leading Web3 technology company, has released an upgraded version of its app, enabling Hong Kong users to engage in safe and secure spot trading of virtual assets. Listed Tokens For Trade The exchange announced today that the listed tokens for retail investors in Hong The post Second Largest Crypto Exchange Offers…

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[pavel-nosok]

BitMEX Launches Dedicated App For Hong Kong Users | Coingape

In an official announcement, BitMEX has unveiled BitMEX Hong Kong, a dedicated service created to align with the forthcoming Hong Kong Virtual Asset Service Provider (VASP) regime. This will be effective from end of May 2023. New Service For Hong Kong Users Effective from 29 May 2023, existing BitMEX users domiciled in Hong Kong, will The post BitMEX Launches Dedicated App For Hong Kong Users…

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