Trinidad and Tobago Passes Virtual Asset Regulation Bill

According to ChainCatcher, the Parliament of Trinidad and Tobago has approved the Virtual Asset and Virtual Asset Service Providers Bill with a vote of 25 to 11, establishing a regulatory framework for cryptocurrency activities in the Caribbean nation. The legislation aims to align with the Caribbean Financial Action Task Force's (FATF) anti-money laundering and counter-terrorism financing standards, in preparation for the FATF's on-site evaluation scheduled for March 2026. The bill's passage was marked by controversy, as the opposition accused the government of procedural violations by submitting a 48-page document with over 200 amendments just minutes before the debate commenced. Critics have expressed concerns that the stringent nature of the bill could stifle innovation source: https://www.binance.com/en/square/post/32751935818010?utm_source=BinanceNewsRSS