Dominica passes Virtual Asset Business law – CARICOM Business

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The Dominican parliament has passed the Virtual Asset Business Bill. The island joins St. Kitts-Nevis and Antigua and Barbuda in the nine-member OECS that has passed similar legislation.

“A virtual asset is a digital representation of value that can be traded or transferred digitally. Virtual assets can be used for making payments or investments,” explains Planning and Economic Development Minister, Dr.
Vince Henderson.

He said this law will ensure vigilant monitoring of this new rapidly developing and potentially disruptive financial instrument. Henderson said the Virtual Asset Business Bill has been drafted with the assistance of the Eastern Caribbean Central Bank (ECCB).

Extract from the CARICOM BUSINESS Newsletter, Vol 5. No. 23

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