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Vanuatu declined cryptocurrency ban after lobbying efforts made by jurists

Vanuatu declined cryptocurrency ban after lobbying efforts made by jurists

For a long time, Vanuatu, the most well-known offshore licensing jurisdiction for self-regulating Forex and CFD trading, did not want to allow using digital assets in all its forms for VFSC licenses. This measure led to revoking licenses and a $ 50K bonus. Everything is going to change soon.

By the end of July, without any preliminary notification, the amendment to the Financial Dealer Licensing Act was published.

This measure comes after years when any engagement with digital assets was prohibited and seen as illegal by financial authorities in this country.

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