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Comparative StudyCrypto & Digital AssetsGlobal2026

Comparative VASP Licensing — 12 Jurisdictions

Comparative analysis of VASP licensing across twelve significant jurisdictions, covering scope, prudential and operational expectations.

Access

Full PDF version available on request for institutional engagement.

Executive Overview

VASP licensing frameworks differ materially in scope, prudential requirements and operational expectations. This comparative study covers Singapore, Hong Kong, UAE, Cayman, BVI, Bahamas, Bermuda, Mauritius, Seychelles, Switzerland, UK and Bahrain.

Key Findings

  1. 01

    Substance and governance expectations are converging across mature jurisdictions.

  2. 02

    Prudential capital interpretations remain a principal divergence.

  3. 03

    AML/CFT integration is the most consistently aligned dimension.

Advisory Relevance

Strategic input for entities selecting VASP jurisdictional positioning.