VASP
AML/KYC for Crypto-Asset Service Providers
Anti-money laundering and know-your-customer requirements that apply to crypto exchanges, custodians, and other virtual asset service providers under FATF standards and national law.
Brazil's Virtual Assets Act: Latin America's Most Advanced Crypto Framework
Brazil's Virtual Assets Act (Law 14,478), signed December 2022, created a licensing framework for Virtual Asset Service Providers — making Brazil the most advanced crypto regulatory jurisdiction in Latin America.
FATF (Financial Action Task Force)
FATF's role as global AML/CFT standard-setter, the 2019 VASP definition, the Travel Rule for crypto, grey-listing consequences, and the challenge of applying FATF standards to DeFi.
Travel Rule (Crypto)
The requirement that virtual asset service providers collect and transmit originator and beneficiary information for crypto transfers above a threshold amount, extended from banking to crypto by FATF in 2019.