Robinson wants virtual assets law to go beyond containing risk

The Virtual Asset Service Providers (VASP) Act, 2026, which provides for the regulation of virtual assets in Jamaica was passed in the Lower House on Tuesday with three amendments.

A virtual asset is a digital representation of value that can be traded, transferred, or used for payment and investment.

The legislation is intended to prevent the misuse of virtual assets for criminal purposes as well as to satisfy the country’s international obligations as it relates to the prevention of money laundering, terrorism financing, and the financing and proliferation of weapons of mass destruction.