The National Assembly of Seychelles has approved a draft bill to regulate virtual asset service providers
2024-08-20 07:40:15
Seychelles National Assembly approval a bill draft regulating virtual assets servicesdesk3cryptocurrencydesktopCrypto News
The National Assembly of Seychelles has approved a draft bill aimed at regulating virtual asset service providers (VASPs). The bill requires VASPs seeking permission to establish a substantive business in Seychelles, such as having a resident director and an office staffed with competent staff. The law aims to balance innovation with anti-money laundering efforts and comply with the recommendations of the Financial Action Task Force (FATF).
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