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... the **‘Innovative Technological Arrangement and Services Act’**, and the **‘Virtual Financial Asset Act’**. The Innovative Technology Arrangements and Services Act will provide the legitimate framework for blockchain and crypto, and The virtual financial assets act will set up methods and conditions for ICO projects, including Anti Money Laundering, Know Your Client and other related ...

...r of blockchain, crypto, and ICOs, the ‘Blockchain Island’ was the first territory to commence regulation of the blockchain and crypto areas by adopting two bills, namely: '**The Innovative Technology Arrangements**' and '**The Services and the virtual financial assets act**'. As it was expected, both of the above-mentioned acts (the Acts) came into force on the 1st November 2018. • **T...