Trinidad and Tobago's parliament has approved the Virtual Asset and Virtual Asset Service Providers Bill 2025, aimed at regulating cryptocurrency and related service providers. Introduced by Finance Minister Davendranath Tancoo in September, the legislation establishes a licensing and regulatory framework for virtual asset activities in the Caribbean nation. The bill enhances oversight of exchanges, transfer services, custodial services, and other virtual asset businesses, while implementing transitional restrictions before formal authorization is granted. Opposition parties have criticized the bill as being overly stringent, potentially stifling innovation.