Vanuatu Issues First Crypto Exchange License
Vanuatu, a South Pacific island, has taken major strides when it comes to cryptocurrency. The country approved the issuance of a stock exchange license to a crypto exchange.
The exchange receiving the license is DSTOQ and it launched yesterday. It describes itself as “the first fully licensed stock exchange for trading security tokens and investing in real-world assets using cryptocurrencies.” The only downside is that eth license is only valid in European jurisdiction because Vanuatu is a member of the Commonwealth of Nations.
Also this year, Vanuatu stated that it would patriate new citizens to its island for 200,000 USD, payable in Bitcoin. Banking entities from other countries, such as Australia, have established offices in the country due to its tax-haven status.
Aside from Vanuatu, San Mario received attention for its partnership between an Estonia-based blockchain developer and Olympus Advisors. According to the San Mariano Secretary of State for Economic Development,
“We are the world’s oldest republic and we are proud to begin a transformation led by technology. We believe this partnership will have a significant impact on the economy, growing the innovation sector which is at the core of our development strategy. The republic will also acquire a state of [the] art set of regulations to become the world-leading blockchain hub.”