What is a virtual asset service provider (VASP)?

A VASP is somebody providing one or more of the following services, whether on their clients’ behalf or for their own accounts: exchange between virtual assets and fiat currencies, including the exchange between virtual currencies and fiat currencies;

What does a virtual asset manager do?

safekeeping and/or administration of virtual assets or instruments enabling control over virtual assets, including custodian wallet services; and participation in and provision of financial services related to an issuer’s offer and/or sale of virtual assets.

What is the CSSF's role for virtual asset service providers in Luxembourg?

The CSSF’s role for the Virtual Asset Service Providers registered in Luxembourg is limited to registration, supervision and enforcement for AML/CFT purposes only. The CSSF shall, in that respect, be authorised to collect fees payable by the VASPs subject to registration and AML/CFT supervision.

What are the responsibilities of a virtual asset custodian?

exchange between virtual assets and fiat currencies, including the exchange between virtual currencies and fiat currencies; safekeeping and/or administration of virtual assets or instruments enabling control over virtual assets, including custodian wallet services; and