The Trinidad and Tobago Parliament passed the Virtual Assets and Virtual Asset Service Providers Bill by a vote of 25 to 11, establishing a regulatory framework for cryptocurrency activities in the Caribbean country.
The bill is designed to meet the anti-money laundering and counter-terrorism financing standards of the Caribbean Financial Action Task Force (FATF) in response to an FATF on-site assessment scheduled for March 2026. There was confusion before the bill was passed, with opposition parties accusing the government of breaching parliamentary procedures by submitting a 48-page document containing more than 200 amendments just minutes before debate began.
Critics are concerned that the overly strict bill could stifle innovation, but the government insists the amendments are based on extensive consultation with the central bank, securities regulators, and industry players.
Trinidad and Tobago passes crypto regulation bill in preparation for FATF assessment
2025-11-23 03:53:05
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