VASP is a term introduced by the FATF referring to any natural or legal person who is not covered elsewhere under the FATF Recommendations and as a business conducts one or more of the following activities or operations for or on behalf of another natural or legal person: i. exchange between VAs and fiat currencies;
ii. exchange between one or more forms of VAs;
iii. transfer of VAs;
iv. safekeeping and/or administration of VAs or instruments enabling control over VAs; and
v. participation in and provision of financial services related to an issuer's offer and/or sale of a VA.