🌍 Exciting news from Vanuatu! The island nation has officially enacted its crypto regulation and licensing framework, joining a growing list of countries stepping up oversight for virtual asset service providers. 🏦

- The new law empowers the Vanuatu Financial Services Commission to license exchanges, NFT marketplaces, and custody providers.

- Banks can now offer crypto exchange and custody services with a license.

- A sandbox environment allows approved companies to test services for a year.

What do you think about this move? Share your thoughts in the comments!