What the guidance explains
VARA explains that an In-Principle Approval is conditional. IPA holders cannot start operations, conduct virtual asset activities or service clients until they obtain a full VASP licence.
Who should review it
Founders reviewing approval milestones and users checking a provider.
What to check next
Match the legal entity, status and permitted services in the current register. Keep the review date with your evidence.
CryptoGov research perspective
Editorial research prompt: distinguish a company announcement from the official record. Record the precise entity and activities rather than treating a brand name as a complete verification.