VASP Crypto License Services

A VASP licence or registration is a regulatory authorisation or registration for a virtual asset service provider, depending on the jurisdiction and activities involved. It generally relates to businesses such as crypto exchanges, wallet providers, and other firms performing virtual asset services. Requirements can include AML controls, customer due diligence, governance, risk management, reporting, and ongoing supervisory obligations.

The cost of a VASP licence varies according to the jurisdiction, business activities, regulatory pathway, application requirements, and complexity of the compliance programme. Additional costs may arise from legal support, policies, risk assessments, technology, governance, and ongoing compliance. Fraxtional can help clarify the work involved and identify the regulatory and operational requirements that should be considered when planning a budget.

The relevant financial services regulator or competent authority issues or oversees VASP authorisation, registration, or licensing, depending on the jurisdiction. The responsible authority and terminology differ across markets and may depend on the business model and services offered. Fraxtional helps clients assess the applicable regulatory framework and prepare compliance materials aligned with the relevant authority’s expectations.

Not every crypto business follows the same licensing or registration pathway. The answer depends on the services provided, how assets or customer funds are handled, the operating model, and the jurisdictions involved. Exchanges, wallet providers, and businesses providing virtual asset services may face specific obligations. A structured regulatory assessment helps determine which permissions, registrations, or related licences may apply.

Applications commonly require information about the business model, ownership, governance, risk management, AML controls, customer due diligence, sanctions screening, policies, procedures, and operational arrangements. The exact documentation varies by jurisdiction and activity. Fraxtional supports preparation of practical, review-ready compliance materials and helps identify gaps before submission or regulatory review.

Yes. Fraxtional supports crypto and fintech businesses with money transmitter licensing through business model evaluation, filing strategy, application preparation, state-specific documentation, filing coordination, and ongoing compliance support. The service also addresses renewal tracking, reporting schedules, and audit readiness. This can be coordinated with broader AML, sanctions, policy, and risk management work.

A VASP compliance framework may include BSA/AML controls, customer identification and due diligence, KYC/KYB processes, sanctions screening, transaction monitoring, suspicious activity escalation, Travel Rule procedures, governance, training, risk assessments, and documented policies. The appropriate framework depends on the operating model and jurisdictions. Fraxtional designs practical controls around the firm’s actual products, risks, and regulatory obligations.

Fraxtional provides ongoing and fractional compliance leadership through roles including CAMLO, CCO, BSA Officer, CRO, and MLRO support. Engagements can be advisory, subscription-based, or embedded, depending on the organisation’s needs. Leaders can help manage AML and sanctions programmes, support audits and examinations, represent the business to stakeholders, and provide scalable oversight as operations develop.