Nauru Hopes To Become Crypto Hub

The tiny Pacific nation of Nauru has passed legislation to establish a dedicated virtual asset regulatory authority covering crypto, digital banking and Web3 innovation, aiming to become a crypto hub. 

Nauru is a western Pacific Island sovereign state in Micronesia, northeast of Australia, with an estimated area of 21 square kilometers and a population of roughly 12,500 people. It’s the third-smallest country in the world and the world’s smallest island nation. 

The bill legislates the Command Ridge Virtual Asset Authority (CRVAA), which will be…