Vanuatu, an island nation in the South Pacific Ocean, is set to introduce a crypto licensing scheme this year. The mandate is part of the nation’s long-awaited digital asset and service provider bill. According to Loretta Joseph, policy consultant at Vanuatu Financial Services Commission (VFSC), the bill is set to be passed as early as September. Joseph believes the bill would help position the Island nation as a global financial hub. The development has been confirmed by Branan Karae, the VFSC commissioner, during a June 27 digital assets symposium run by the commission. Per Joseph, the bill,…