🌴 Vanuatu is diving into the crypto ocean with new laws that are tighter than a blockchain's security! The Pacific island nation has passed the Virtual Asset Service Providers Act, giving the Vanuatu Financial Services Commission (VFSC) the power to license and regulate crypto companies.

- With penalties up to $2 million and 30 years in jail, scammers better pack their bags!

- The law covers exchanges, NFT marketplaces, and even lets banks join the crypto party.

- A sandbox for crypto services is also in the mix, opening doors for innovation and financial inclusion.

Vanuatu's crypto wave is set to make a splash! 🌊