Considered financial service provider under the Financial Service Act when:
- buy or sell tokens on secondary market for clients;
- on a commercial basis (i.e. permanent, for-profit economic activity);
- tokens can be classified as financial instruments (e.g. asset tokens that qualify as equity / debt securities or derivatives in some cases of stable coins)
- financial service providers need to comply with the code of conduct, organisational requirements as well as check if prospectus and licesing requierements are applicable.