The Parliament of Trinidad and Tobago has approved a new bill governing virtual assets, establishing regulations for cryptocurrency activities within the Caribbean nation. This legislation, called the Virtual Asset and Virtual Asset Service Providers Bill, received 25 votes to 11, paving the way for a regulatory framework for digital currencies in the country. The bill’s passage follows extensive consultations between the government and financial institutions such as the central bank and securities regulators. However, there is controversy surrounding the bill. Opposition parties accused the government of procedural violations by submitting a heavily amended document just before debate began, raising concerns about transparency and fairness.