What categories of activities are licensed under this Act?
The Act regulates two main categories of activities:
A. VASP, meaning a person who conducts, as a business activity, for or on behalf of another person one or more of the following activities or operations, namely:
(i) exchange between VAs and fiat currencies;
(ii) exchange between one or more forms of VAs;
(iii) transfer of VAs;
(iv) safekeeping of VAs or instruments enabling control over VAs;
(v) administration of VAs or instruments enabling control over VAs; or
(vi) participation in, and provision of, financial services related to an issuer’s offer and sale of a VA; or an issuer’s offer or sale of a VA.
B. Issuers of ITOs, are companies registered under the Act and making issuance of ITOs. An ITO is an offer for sale to the public of a VT in exchange for fiat currency or another VA.