Examples of Virtual Assets in a sentence
Issuance of Virtual Assets The "issuance of virtual assets" means the sale of newly created virtual assets to the public in or from within the Cayman Islands in exchange for fiat currency, other virtual assets or other consideration but does not include the sale of virtual service tokens.
Exchange and Transfer of Virtual Assets The VASP Law does not regulate businesses that exchange, trade or transfer virtual assets for and on behalf of themselves for their own benefit.
Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers.
In order to tackle the dangers linked to anonymity, new FATF standards require that “countries should ensure that originating Virtual Assets Service Providers (VASP) obtain and hold required and accurate originator information and required beneficiary information on virtual asset transfers, submit the above information to the beneficiary VASP or financial institution (if any) immediately and securely, and make it available on request to appropriate authorities.
Some of the Virtual Assets may not circulate freely or widely, and may not be listed on any secondary markets.