Trinidad's Bitcoin and Crypto Ban: An UPDATE

#bitcoin #askabitcoiner21questions #trinidad #crypto

Trinidad’s Virtual Asset and Virtual Asset Service Provider Bill has passed both the House and the Senate. But what does this mean for you?
Guap co-founder Alexandra Lutchman joins the show to break down what happens next.

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Chapters
00:00 Introduction to Cryptocurrency Regulation in Trinidad and Tobago
02:55 The Urgency Behind the Virtual Assets Bill
06:10 Debate and Amendments: The Legislative Process
08:58 Understanding FATF Compliance and Its Implications
12:02 The Regulatory Sandbox: A New Approach
14:49 Balancing Innovation and Regulation
18:24 Understanding Compliance: The Sandbox Approach
21:11 The Role of FATF: Caribbean Compliance and Influence
25:45 The Urgency of Regulation: Preparing for Audits
26:49 Privacy vs. Compliance: The KYC Debate
29:00 Scams and Protection: The Need for Education
32:43 Learning Through Experience: The Role of Government in Education
33:57 The Impact of Scams on Cryptocurrency Trust
34:32 Regulatory Challenges and Stereotypes in Bitcoin
35:30 The Role of Education in Cryptocurrency Regulation
36:57 Legislators' Understanding of Cryptocurrency
38:49 Navigating Scams and Education in the Crypto Space
40:41 Community Engagement and Regulatory Feedback
42:49 The Future of Cryptocurrency Regulation in Trinidad
44:59 The Ongoing Journey of Cryptocurrency Adoption