From Cointelegraph
April 1, 2025 12:22 am:

Vanuatu has implemented strict laws to regulate digital assets and license crypto companies. The Virtual Asset Service Providers Act, passed on March 26, gives power to the Vanuatu Financial Services Commission to enforce AML, CTF, and Travel Rule standards, with penalties of up to $2 million and 30 years in prison. The law covers exchanges, NFT marketplaces, custody providers, and ICOs, allowing banks to provide crypto services. The legislation does not affect stablecoins, tokenized securities, or CBDCs, and allows a sandbox for approved companies to offer crypto services. The VFSC developed the framework after assessing risks associated with virtual assets, aiming to open opportunities for Vanuatu and improve financial inclusion through regulated cross-border payments. The legislation, in development since 2020, was delayed due to changes in government, natural disasters, and the COVID-19 pandemic.

Read more at Cointelegraph: Vanuatu passes long-awaited crypto laws that won’t be ‘light touch’