2 minutes read
Since the introduction of virtual asset service providers (VASPs) into the Luxembourg legal framework in 2020, only a limited number of VASPs have been registered, due to several factors specific to the Luxembourg regulatory requirements and market. The adoption of MiCAR and the future AML package will also have an impact on VASPs wishing to operate in Luxembourg and the EU.
In this article, our expert tackles the mentioned topics, divided in specific sections:
- A recap of VASPs in Luxembourg
- Requirements Applicable to VASPs
- Foreign VASPs Captured by The Luxembourg Framework
- Current VASPs in Luxembourg
- The adoption of MiCAR
- Transitional Period for VASPs
Read the article on the IFC Review website or download the article below.
