CoinVoice has recently learned that, according to FinanceFeeds, the Republic of Nauru plans to legislate the establishment of a dedicated agency to regulate digital assets. This new agency is named the Command Ridge Virtual Asset Authority (CRVAA) and will be responsible for regulating virtual asset service providers, helping the island nation create a hub for digital asset activities.

Nauru President David Adeang stated that the newly established regulatory agency will be at the core of Nauru's broader strategy aimed at ensuring the resilience of Nauru's economy. [Original link]