The company offers specialized data products that allow organizations to check whether a cryptocurrency service provider is legally authorized to operate in a specific country. One of its main solutions, called VASPdata, provides verified information from regulators and public authorities about companies involved in virtual asset activities. Another product, VASPindex, uses analytical models to estimate the probability that a company is offering virtual asset services. These tools help institutions make informed decisions when dealing with crypto-related businesses.
VASPnet gathers regulatory information from numerous sources around the world, including government agencies and financial regulators. The platform aggregates and standardizes this data so that it can be easily used by compliance teams, banks, and crypto companies. By centralizing this information, the system allows organizations to quickly verify whether a company is licensed, registered, or permitted to conduct digital asset activities in a particular jurisdiction.
The platform is widely used for compliance and risk management. Financial institutions and crypto companies rely on VASPnet data to meet international regulations related to anti-money laundering (AML) and counter-terrorist financing (CFT). These tools help organizations verify the regulatory status of partners before conducting transactions involving digital assets.
VASPnet was originally developed as part of XReg Group, an international consultancy specializing in cryptocurrency regulation and policy. Later, it became part of the compliance intelligence firm CRB Monitor, expanding its role in monitoring digital asset-related businesses and regulatory developments across the global crypto industry.
Overall, VASPnet provides important data infrastructure for the cryptocurrency ecosystem by offering regulatory information and analytical insights that help organizations manage compliance risks and operate more safely in the digital asset market.
