Vanuatu, the South Pacific nation, has officially entered the regulated cryptocurrency arena. The Vanuatu Parliament recently passed a landmark bill granting the Financial Services Commission (VFSC) extensive oversight of digital asset activities within its jurisdiction. This new legislation empowers the VFSC to enforce stringent Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) measures, adhering to global standards, including the Travel Rule. Cryptocurrency companies operating in Vanuatu will now be obligated to comply with these regulations, ensuring greater transparency and accountability. Furthermore, the VFSC is authorized to issue cryptocurrency licenses, allowing for the controlled growth and development of the sector. The commission also gains investigative and enforcement powers to address any violations and maintain market integrity. This move signals Vanuatu's commitment to embracing digital innovation while mitigating potential risks associated with cryptocurrency. ```