T&T Approves Temporary Ban on Cryptocurrency
Trinidad and Tobago’s Parliament has passed a new law that will suspend all cryptocurrency activity in the country for the next two years, ending on December 31, 2027.
The Virtual Assets and Virtual Asset Service Providers Bill, 2025 was approved in the House of Representatives on Friday, November 21, 2025, with a vote of 25 in favor and 11 against.
The legislation blocks all buying, selling, trading, or transferring of digital currencies such as Bitcoin and Ethereum. Anyone caught violating the ban could face fines of up to $5 million.
Current crypto businesses are required to notify the Trinidad and Tobago Securities and Exchange Commission within 30 days and must shut down all operations within three months of the law taking effect.
The bill will now go to the Senate for review, before being forwarded to the President for official approval.
Government representatives say the measure is designed to prepare the country for a Caribbean Financial Action Task Force review in March 2026, which will assess compliance with updated global standards.
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