4‑14 Additional requirements for applica4‑14 Additional requirements for application for registration as a virtual asset service provider

4‑14 Additional requirements for application for registration as a virtual asset service provider

If the application is under subsection 76D(1) of the Act for registration as a virtual asset service provider, the application must contain the following information: (a) information on the kind of virtual assets in relation to which the candidate will provide its registrable services; (b) details of the delivery channels by which the registrable services are intended to be provided; (c) information on the methods by which customers’ virtual assets or money may be used in any exchanges relating to the registrable services; (d) whether the candidate will implement any transaction or time limits on the amounts of virtual assets or money that customers can use in any exchanges relating to the registrable services, and if so, details of what limits will apply; (e) information on: (i) the expected average number of designated services covered by each of items 29, 30, 46A, 50A, 50B and 50C of table 1 in section 6 of the Act that are registrable services the candidate would provide per month over the first 12 months following registration; and (ii) the expected average total monetary value of customers’ money, virtual assets and property with which the candidate would deal, in relation to designated services covered by each of items 29, 30, 46A, 50A, 50B and 50C of table 1 in section 6 of the Act that are registrable services, per month over the first 12 months following registration; (f) for each virtual asset wallet controlled by the candidate: (i) the kinds of virtual assets the wallet can store; and (ii) the address of the wallet.