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Nauru Establishes Dedicated Crypto Regulator to Attract Digital Asset Firms
Nauru Establishes Dedicated Crypto Regulator to Attract Digital Asset Firms
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Nauru has enacted legislation to create the Command Ridge Virtual Asset Authority (CRVAA), positioning itself as a Pacific hub for cryptocurrency innovation. The new regulator will oversee virtual assets, digital banking, and Web3 services while offering global licensing for exchanges, custodians, and stablecoin issuers.
President David Adeang framed the MOVE as an economic development strategy: "The licensing framework ensures Nauru becomes a competitor, attracting businesses that bring investment, job creation, and financial innovation." The island nation joins other offshore jurisdictions crafting crypto-friendly regimes, though specific coin or exchange partnerships remain undisclosed.
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