Vanuatu, the Pacific island nation, plans to pass the long-awaited Digital Assets and Service Providers Bill as early as September. Originally introduced in 2020, the bill would establish licensing and registration requirements for virtual asset service providers (VASPs), allowing them to legally operate in country. 🏝️ Under the proposed act there will be five classes of licenses, covering service providers offering the exchange of virtual assets and fiat currencies to those offering cryptocurrency storage, among other functions."