Activities / Who the operator is / Provides financial services
Is a crypto-asset provider
is_crypto_asset_provider
The company behind your app is a crypto-asset or virtual-asset service provider, or supplies software to one.
- scope role
- in the registry since 1.5
- 15 laws in 9 jurisdictions name it
What triggers it
The lint's definition. It is a crypto-asset or virtual-asset service provider: an exchange, custodian, broker, transfer service or token issuer, or supplies software to one. A merchant that accepts crypto for its own goods is not this.
This covers a crypto-asset exchange or trading platform, a custodial wallet provider, a broker, a transfer service and a token or stablecoin issuer, whatever the law calls the license: a crypto-asset service provider, a virtual asset service provider, a virtual currency business or a digital asset business.
It implies Provides financial services.
What does not
A merchant that accepts crypto for its own goods, through a processor it does not run, does not count.
Often confused with Is a payment provider and Provides financial services.
The law it brings into scope
The kinds of law that name this activity in the LexLint law library, with the number of laws and jurisdictions in each, as of . The examples are chosen by rule, laws in force first and the widest jurisdiction first; each section's page lists every law.
| Area of law | Laws | Jurisdictions |
|---|---|---|
|
Cybersecurity law
Build software securely, handle reported flaws, and report incidents on a deadline.
|
14 | 8 |
|
Communications law
Get consent before marketing, calling, recording or storing data on a device, and honor an opt-out. |
1 | 1 |
This activity implies Provides financial services, so every law that names that activity reaches it too. These areas of law reach it only that way:
- Privacy law:
16 laws in
9 jurisdictions,
through Provides financial services
Have a legal basis for personal data, honor people's rights over it, and report a breach.
- AI law:
13 laws in
8 jurisdictions,
through Provides financial services
Tell people when they are dealing with an AI system or its output, and control the uses the law calls high-risk.
In a declaration
A role says who operates a product, so it is declared in the product's
own lexlint.yml and never in a component's
ACTIVITIES.md: a library cannot make the product that uses
it a regulated party.
In lexlint.yml
History
In the registry since version 1.5, .
Added for Crypto-Asset Service Providers, Records of Communication with Clients (European Union), the law that turns on it.
In the glossary: Is a crypto-asset provider.
The activity registry is LexLint's open list; this page's text is licensed under Creative Commons Attribution 4.0.