The JFSC publish a list of Jersey-registered VASPs.
Please click the link below to view the article on Comsure website:
bit.ly/3yuiJxq

Under Financial Action Task Force (FATF) regulation 16 “Travel Rules” they require countries to ensure that VASPs obtain, hold and transmit required originator and beneficiary information when conducting virtual asset transfers.
Example:
•Originators name
•acct #
•physical

Treasury forms multi-agency technical working group including CBK to develop a regulatory and monitoring framework for virtual assets (VAs) and virtual asset service providers (VASPs) in order to tighten the regulation of cryptocurrencies, address laundering & curb financing of

VASPs engaging in VA Exchange Services need a VARA Licence prior to commencing such services. VA Exchange services refer to conducting an exchange, trade or conversion of one or more Virtual Assets.

#VARA #VirtualAssets #DubaiRegulations

VASPs offering Advisory Services, such as giving advice or recommendations to a client about VA transactions, must apply for a VARA licence.

See the advisory services rulebook here: vara.ae/en/licenses-an…

#VARA #Licensing #DubaiRegulations

#Binance #KUCoin
🇮🇳 India Approves Crypto Exchanges Binance and Kucoin as Registered Virtual Asset Service Providers

Cryptocurrency exchanges Binance and Kucoin have successfully registered with India’s Financial Intelligence Unit as Virtual Asset Service Providers (VASPs),

Nigerian VASPs can adapt their compliance strategies to meet the stringent requirements of the Crypto Travel Rule by likening it to building a sturdy bridge. Just as a bridge requires careful planning, construction, and maintenance to ensure safe passage, VASPs must establish

📍Why crypto businesses seeking tax optimization should head to Gibraltar

📍What the regulatory framework for crypto looks like in Gibraltar (Including Distributed Ledger Technology (DLT), Virtual Asset Service Providers (VASPs), and Crypto Funds)

Great news from 🇮🇳 India !

Binance and Kucoin have successfully registered with
VASPs (Virtual Asset Service Providers)

This is great news not only for Indian #Crypto users but also for the entire world as the Indian crypto market is one of the largest in the world

The apps of several offshore VDA #exchanges have started getting blocked on app stores.

It seems that the Financial Intelligence Unit-India (FIU-IND) show cause notice dated 28 Dec 2023 and their proposed action on offshore VASPs is taking effect.

By asking offshore exchanges

Bitfinex started to request 'Travel Rule information' for all withdrawals of $1,000 or more in value.

The 'Travel Rule' requires Virtual Asset Service Providers (VASPs) to collect information such as transaction amount, asset, tx hash, addresses,...

Moreover personal data,

The Bharat Web3 Association recently hosted the first-ever Training and Awareness Workshop on the Prevention of Money Laundering Act (PMLA)

Muthuswamy Iyer, Senior Director Compliance at WazirX, led an enlightening session on PMLA Compliance for VASPs, contributing to the vibrant discussions and

🇮🇳 India Approves Crypto 🇮🇳
Exchanges Binance & Kucoin

Cryptocurrency exchanges Binance & Kucoin have successfully registered with India's Financial Intelligence Unit as Virtual Asset Service Providers (VASPs)

Binance & Kucoin were among several offshore entities that were

Bharat Web3 Association is all geared up to conduct a first-of-its-kind Training and Awareness Workshop on PMLA for VASPs!

Sh. Vivek Aggarwal, Director FIU-IND, will grace the event as the Hon'ble Chief Guest.

#BWA #PMLA

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FATF, the global money laundering and terror financing watchdog, today published an update on the implementation of its Standards on virtual assets and VASPs (Recommendation 15).

The update covers all FATF members and 20 jurisdictions with materially important VASP activity

India Approves Binance, KuCoin to Provide Virtual Asset Services

Binance and KuCoin have been approved to operate as Virtual Asset Service Providers (VASPs) by the Financial Intelligence Unit (FIU) of India after being banned

Read more: blockhead.co/2024/05/13/ind…

VASPs will be able to serve retail, qualified and/or institutional investors with VA products and/or services in Dubai (excluding DIFC) by obtaining a VARA licence.

Check out our licensing process: vara.ae/en/licenses-an…

#VARA #Licensing #DubaiRegulations

Additionally, the workshop saw the release of a valuable report - 'The Path to Reporting Entity Status under PMLA: The Journey of Indian VASPs,' prepared by Bharat Web3 Association and released by Shri Aggarwal.

This report will serve as a key resource within the VDA sector and beyond,

Hello guys, did you know?🤔💭

How can Nigerian Virtual Asset Service Providers (VASPs) adapt their compliance strategies to effectively meet the stringent requirements of the Crypto Travel Rule, while also ensuring seamless cross-border transactions?🇳🇬

#CryptoNews 🧵👇