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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Nauru establishes a regulatory body for virtual assets, with Crypto Assets defined as commodities rather than securities.
Nauru, a Pacific island nation, has passed legislation to establish a dedicated virtual asset regulator covering cryptocurrency, digital banking, and Web3 innovation, aiming to become a cryptocurrency hub. The bill establishes the "Command Ridge Virtual Asset Management Authority" (CRVAA), which oversees the registration and service licensing of cryptocurrency businesses. According to the bill, cryptocurrencies are defined as commodities rather than securities, and payment tokens are excluded from investment contracts. CRVAA will oversee decentralized financial services such as cryptocurrency exchange operations, initial coin offerings, NFTs, lending, staking, yield farms, as well as stablecoin offerings, cross-border payment solutions, and digital banking.