Learn what a virtual asset service provider does and how to register with us.
You’re likely to be a virtual asset service provider if you do any of the following:
- while carrying on a business as a virtual asset service provider:
- exchanging virtual assets for money (and vice versa), or making arrangements for this type of exchange
- exchanging virtual assets for virtual assets, or making arrangements for this type of exchange
- providing a virtual asset safekeeping service
- in the capacity of an ordering institution or beneficiary institution, accepting instructions to transfer virtual assets on behalf of customers or making transferred virtual assets available to customers
- financial services in connection with the offer or sale of a virtual asset where the business is participating in the offer or sale.
Learn more about designated services and virtual assets.
Register as a virtual asset service provider
You must be registered with us before you can provide virtual asset services in Australia. It’s illegal to provide virtual asset services in Australia without being registered.
Learn how to register with us as a remittance or virtual asset service provider.
Taxation rules also apply. Visit the Australian Taxation Office website to learn about cryptocurrency used in business.
Registration obligations
When you apply for registration, we have the right to refuse, suspend, cancel or impose conditions on a registration.
You must:
- renew your registration every 3 years
- keep your details up to date.
VASP register
If you want to find out if a virtual asset service provider is registered with us, search the Virtual Asset Service Provider Register.
This guidance sets out how we interpret certain Australian legislation, along with associated Rules and regulations. Australian courts are ultimately responsible for interpreting these laws and determining if any provisions of these laws are contravened.
The examples and scenarios in this guidance are meant to help explain our interpretation of these laws. They’re not exhaustive or meant to cover every possible scenario.
This guidance provides general information and isn't a substitute for legal advice. This guidance avoids legal language wherever possible and it might include generalisations about the application of the law. Some provisions of the law referred to have exceptions or important qualifications. In most cases your particular circumstances must be taken into account when determining how the law applies to you.