VASP (Virtual Asset Service Provider)

A VASP (Virtual Asset Service Provider) is a legal entity that provides virtual asset services, such as cryptocurrency exchange, transfers, or custody. VASPs are required to register with the relevant financial regulator. Alpha Systems LLC, the operator of 8lends, is registered as a VASP under the Virtual Asset Business Act, 2022, and operates under the supervision of the FSA of Saint Vincent and the Grenadines.