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To put it simply, a VASP is essentially a license or status for companies that deal with cryptocurrencies, such as exchanges or wallets. It’s required for a business to operate legally and comply with AML/KYC requirements. When I was looking into this, I came across Gofaizen & Sherle, which explains in detail exactly how it works. A colleague of mine launched a small crypto project and initially underestimated the importance of these requirements, but later realized that without them, it’s difficult to work with banks and partners. As a result, he had to completely restructure everything to comply with regulations, which took some time.
Yeah, that’s pretty much the impression I got too. It feels like it’s designed to lower the barrier, so people don’t feel overwhelmed from the start. If you’re already used to deeper work like therapy or structured journaling, it might seem a bit simple at first. But at the same time, not everything has to be intense to be useful.
I was reading more about it here liven app and it seems like that’s actually intentional — keeping things light but consistent so people can build a habit. And honestly, for a lot of people, that’s the hardest part. So even if it feels basic, that simplicity is probably what makes it easier to stick with long term.
I had a similar question when I first looked into it. From what I’ve seen, it seems to work better for beginners or people who just want something light and consistent. If you’re already deep into self-reflection or therapy, it might feel a bit basic. But as a daily check-in tool, it actually makes sense for staying aware without too much effort.
