Odaily News The Pacific island nation of Vanuatu plans to enact the Digital Asset and Service Providers Act in September. Branan Karae, commissioner of the Vanuatu Financial Services Commission (VFSC), said the bill has been in preparation for several years, but has been delayed due to several cabinet changes. (Cointelegraph) Earlier news, in 2022, Vanuatu Prime Minister Bob Loughman officially gave the green light to the country's Satoshi Island encryption project. The final number of residents on Satoshi Island is limited to 21,000. In order to obtain permanent residency, in addition to holding NFTs, you also need to obtain Vanuatu citizenship through US$130,000.