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[Trinidad and Tobago Passes Crypto Regulation Bill to Address FATF Assessment] The Parliament of Trinidad and Tobago passed the 'Virtual Assets and Virtual Asset Service Providers Bill' with 25 votes in favor and 11 against, establishing a regulatory framework for cryptocurrency activities. The bill aims to meet the anti-money laundering and counter-terrorism financing standards of the Caribbean Financial Action Task Force (FATF) in preparation for the FATF on-site assessment scheduled for March 2026. Before the bill's passage, the opposition accused the government of violating parliamentary procedures by submitting a 48-page document containing over 200 amendments just minutes before the debate. Critics expressed concerns that the bill's stringent measures might stifle innovation, while the government stated that the amendments were based on extensive consultations.

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Today 2025-11-23
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