Vanuatu is expected to issue the Digital Assets and Service Providers Act as early as September
ChainCatcher news, according to Cointelegraph, the Pacific island nation of Vanuatu is expected to enact a digital assets and service providers bill as early as September.
It is reported that the bill was first proposed in 2020 and will establish licensing and registration requirements for virtual asset service providers (VASP) in the country, allowing them to operate legally in the island nation. The bill has been ready for several years but has been delayed due to several cabinet changes.
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