VASP

Financial Action Task Force (FATF) published first version of Recommendations on International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation back in 2012

In the recommendation, Virtual Asset Service Provider (VASP) is defined as

Any natural or legal person who is not covered elsewhere under the Recommendations, and as a business conducts one or more of the following activities or operations for or on behalf of another natural or legal person:

1. exchange between virtual assets and fiat currencies;
2. exchange between one or more forms of virtual assets;
3. transfer of virtual assets;
4. safekeeping and/or administration of virtual assets or instruments enabling control over virtual assets; and
5. participation in and provision of financial services related to an issuer’s offer and/or sale of a virtual asset.

Source: FATF Glossary