The Future of Crypto Banking: Why You Need a VASP License
Regulation
VASP
Banking
As regulations tighten, the value of a compliant VASP license skyrockets. Learn why it's the cornerstone of any modern neobank.
The Future of Crypto Banking
The era of the "Wild West" in crypto is over. With the advent of MiCA (Markets in Crypto-Assets) in Europe and stricter enforcement by the SEC in the US, the path forward for any crypto financial service is clear: Compliance is King.
What is a VASP License?
A Virtual Asset Service Provider (VASP) license is the regulatory stamp of approval that allows a business to conduct crypto-related activities such as:
- Exchange between virtual assets and fiat currencies
- Exchange between one or more forms of virtual assets
- Transfer of virtual assets
- Safekeeping and/or administration of virtual assets
Why You Can't Ignore It
Operating without a license is no longer a gray area—it's a fast track to being shut down. But beyond survival, a VASP license offers a competitive advantage:
- Trust: Customers are increasingly wary of unregulated platforms.
- Banking Partnerships: Traditional banks will only work with licensed entities.
- Global Expansion: A license in a reputable jurisdiction (like Lithuania or Poland) opens doors across the EU.
At Launch Neobank, we specialize in navigating these complex regulatory waters so you can focus on building your product.