The VA/VASP Bill was passed on December 9, 2025, and will be operationalised once the Act receives presidential assent. Here are some key facts to know about this latest piece of legislation and how it will impact us at the Trinidad and Tobago Securities and Exchange Commission.
What is the VA/VASP Act?
The VA/VASP Act will temporarily prohibit the conduct of virtual asset activities as a business in or from within Trinidad and Tobago until December 31, 2026.
During the period of prohibition, the Commission will establish and administer a Regulatory Sandbox into which VASPs operating prior to commencement of the VA/VASP Act, may be authorised by the Commission to conduct certain virtual asset activities under conditions to be set out by the Commission. The Act does not permit holding/custody/retention of virtual assets on behalf of another person as a virtual asset activity.