Vanuatu to enlist the aid of Malta in forming Blockchain and ICO regulations

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During a recent summit in Malta Vanuatu Minister of Foreign Affairs Ralph Regenvanu was able to meet with the Maltese Prime Minister, Dr. Joseph Muscat, and request that Malta share their legislation and experience concerning blockchain with Vanuatu.

Muscat, who had previously given a speech at the summit advocating for the national use of blockchain and global solutions to global issues, was reportedly “very gracious in immediately offering the Vanuatu government all the assistance it is going to need.

This comes after an event in late September, in which Vanuatu state regulators suspended the issuance of Financial Dealers Licenses (FDL) to the country’s blockchain related businesses. This was due to a public warning issued by the Reserve Bank of Vanuatu

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