Trinidad's Bitcoin & Crypto Ban: An UPDATE

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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Instagram: https://www.instagram.com/alexandra.lutch/

Twitter: https://x.com/alexandralutch

Twitter: https://x.com/guap_app

CreditsHost: Saidah Gomez https://x.com/SaidahGomez

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