Odaily Planet News According to the Pacific island nation of Vanuatu, the Digital Assets and Service Providers Act is scheduled to be promulgated in September. Branan Karae, Commissioner of the Vanuatu Financial Services Commission (VFSC), said that the bill has been prepared for several years but has been delayed due to several changes in the cabinet. (Cointelegraph)
Earlier news, in 2022, Vanuatu Prime Minister Bob Loughman officially gave the green light to the country’s encryption project on Satoshi Island. The final population limit on Satoshi Island is set to be within 21000 people. In order to obtain permanent residency, in addition to holding NFTs, one also needs to obtain Vanuatu citizenship through a $130,000 investment.
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