Date Published 10/10/2022
New VASPS Authorised in Ireland
The Register of Virtual Asset Service Providers (“VASPs”) registered by the Central Bank of Ireland for Anti Money Laundering/Countering the Financing of Terrorism purposes under Section 106A of the Criminal Justice (Money Laundering and Terrorist Financing) Acts 2010 to 2021 has been updated to reflect the authorisation of two entities.
The relevant entities are:
• Zodia Custody Ireland Limited; and
• Gemini Digital Assets Limited
Virtual Asset Service Providers are registered and supervised by the Central Bank of Ireland for anti-money laundering and countering the financing of terrorism. A “Virtual Asset Service Provider” is defined to mean a person who by way of business carries out one or more of the following activities for, or on behalf of, another person: (a) exchange between virtual assets and fiat currencies; (b) exchange between one or more forms of virtual assets; (c) transfer of virtual assets, that is to say, conduct a transaction on behalf of another person that moves a virtual asset from one virtual asset address or account to another; (d) custodian wallet provider; (e) participation in, and provision of, financial services related to an issuer’s offer or sale of a virtual asset or both; but does not include a designated person that is not a financial or credit institution and that provides virtual asset services in an incidental manner and is subject to supervision by a national competent authority, other than the Central Bank of Ireland. “Virtual asset” means a digital representation of value that can be digitally traded, or transferred, and can be used for payment or investment purposes. Virtual assets do not include digital representations of fiat currencies, securities and other financial assets.