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Any VASP from a FATF member jurisdiction that has applied a licensing or registration regime should be licensed or registered, as appropriate, and can be topic to Regulated VASP due diligence. Upon successful verification and a threat-primarily based due diligence evaluation of the VASP by the Association, considered one of its subsidiaries, or a vetted third-get together service supplier, the entity might be permitted to create Regulated VASP addresses on the Libra network. These addresses will enable a Regulated VASP to conduct its enterprise without being subject to transaction or tackle steadiness limits. The Association can also think about assigning sure Regulated VASP addresses with transaction and handle stability limits commensurate with their danger profile. In addition, certain different VASPs might be subject to a threat-based compliance certification process by either the Association or a third-party service provider applying requirements set by the Association or considered one of …