VASP Registration and Licensing Support

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Registering as a Virtual Asset Service Provider requires more than filling in an application form. Regulators expect a comprehensive submission demonstrating governance, compliance capability, operational substance, and a clear understanding of the risks associated with virtual asset activities.

Kybri provides end-to-end support for VASP registration and licensing, covering:

• Initial feasibility assessment - is your proposed activity caught by the VASP definition in your target jurisdiction?
• Jurisdictional analysis - which regime best suits your business model, target market, and growth strategy?
• Application preparation - drafting and compiling the full application package including business plan, compliance framework, governance structure, and supporting documentation
• Regulatory engagement - managing communications with the regulator throughout the application process
• Post-registration compliance setup - ensuring your compliance function is operational from the date of registration

We have direct experience with Isle of Man VASP registration under the Designated Businesses (Registration and Oversight) Act 2015 (DBA) and provide multi-jurisdictional advisory across MiCA (EU), UK, and other regimes.

We has supported multiple VASP registrations and contributed to the Isle of Man’s development of Crypto Travel Rule and CARF legislation, giving Kybri a depth of understanding of the regulatory landscape that goes beyond the application process.

Engagement model: Project-based, with optional ongoing compliance support post-registration.