Regulatory Alerts2025-12-30
Virtual Assets and Virtual Asset Service Providers Act 2025
The Parliament of Trinidad and Tobago enacted this Act to regulate Virtual Asset Service Providers (VASPs) and establish oversight through the Trinidad and Tobago Securities and Exchange Commission. The legislation prohibits unlicensed VASP activities while creating a Regulatory Sandbox that allows pre-existing providers to operate under a Certificate of Acceptance until December 2026. It imposes strict compliance, record-keeping, and AML/CFT obligations on participants, with significant fines and imprisonment for non-compliance or unauthorized operations.
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