Vanuatu is expected to enact the Digital Assets and Service Providers Bill as early as September. It is understood that Vanuatu Financial Services Commission (VFSC) Commissioner Branan Karae said in his opening remarks at a seminar on digital assets organized by the country's financial regulator on June 27 that the bill is expected to be enacted in the first week of Parliament. VFSC policy advisor Loretta Joseph said the bill had been in preparation for several years but was delayed due to several cabinet changes. The bill would help Vanuatu move closer to the standards set by the intergovernmental body Financial Action Task Force (FATF), which requires countries to assess and mitigate risks associated with crypto service providers and activities.