As digital assets mature from speculative instruments into mainstream financial tools, regulators around the world are introducing structured licensing regimes for Virtual Asset Service Providers (VASPs). Whether you’re launching a crypto exchange, a digital wallet platform, or a token-based payment solution, obtaining the right license is no longer optional — it’s foundational to operating legally and scaling globally.
At Finz Payments, we help fintechs and crypto startups navigate the complex, jurisdiction-specific world of VASP licensing. Here's what you need to know before stepping into the regulated side of Web3.
A Virtual Asset Service Provider license is a regulatory authorization required for businesses involved in the exchange, transfer, safekeeping, or administration of digital assets — including cryptocurrencies, stablecoins, and certain types of tokens.
Common VASP activities that typically require licensing include:
VASPs are now under the scrutiny of financial regulators worldwide, especially in relation to AML/CTF compliance, customer due diligence (CDD), and transaction monitoring.
Operating without proper licensing can quickly lead to banking lockouts, frozen assets, or regulatory enforcement — even for startups still in beta. But beyond compliance, licensing provides real strategic advantages:
At Finz Payments, we see licensing as more than a checkbox — it’s a launchpad for credibility, scale, and long-term growth.
Every jurisdiction has its own regulatory framework, but most follow a similar process:
Choosing where to license is crucial. Finz helps clients compare top jurisdictions like Lithuania, Estonia, Switzerland, UAE (ADGM & VARA), Hong Kong, Gibraltar, and the Bahamas, depending on your business model, speed-to-market, and compliance appetite.
Most regulators require a local entity, resident directors, and operational presence. We handle end-to-end company setup, from registered offices to local hires and nominee services where required.
Your AML manual, risk policies, internal controls, and compliance program must be tailored — not copy-pasted. Finz Payments works with you to develop regulator-ready documentation that reflects your actual business model.
We advise on or help integrate compliant KYC/KYB flows, transaction monitoring tools, and Travel Rule solutions — ensuring you're prepared for both licensing and operational audits.
From drafting and submitting your application to answering regulator queries and supporting post-approval audits, we act as your licensing partner every step of the way.
Licensing delays, unclear compliance policies, and lack of local substance are the top reasons applications fail or stall. Finz Payments prevents this by offering:
The age of operating in legal grey areas is over. Whether you're building a full-scale exchange or a focused Web3 product, VASP licensing is now the price of entry — and a strategic tool when used right.
With Finz Payments, you don’t just survive regulation — you use it to build a stronger, more investable, and globally scalable business.
Book a consultation with Finz Payments today. We’ll help you choose the right jurisdiction, structure your company, and secure the license that opens the door to regulated growth.
Our platform provides easy access to local IBAN accounts in 60 countries, enabling you to manage payments, streamline international transfers, and ensure secure, compliant transactions worldwide.
