2025.06.18
m88 live casino Republic of Vanuatu (Vanuatu), located in m88 live casino southwestern Pacific Ocean, is a member of m88 live casino United Nations and hosts approximately 2,300 registered institutions providing banking, insurance, legal and trust services. In July 2024, Vanuatu's Prime Minister Salwai made an official visit to China and was received by General Secretary Xi Jinping. A joint statement was issued by m88 live casino People's Republic of China and m88 live casino Republic of Vanuatu regarding upgrading m88 live casinoir comprehensive strategic partnership and building a ‘China-Vanuatu Community with a Shared Future’.
Vanuatu was once jointly administered by Britain and France and has long maintained a stable political environment and a sound legal system. In recent years, it has focused on strict financial regulatory legislation and licensing management for cryptocurrency companies. On March 26, 2025, m88 live casino local parliament passed m88 live casino Virtual Asset Service Providers (VASP) Act. Governmental regulatory advisors described m88 live casino VASP Act as extremely stringent. m88 live casino Act aims to establish a licensing and reporting framework for exchanges, NFT markets, crypto custody providers and initial coin offerings, creating a regulated digital business environment.
Following m88 live casino enactment of m88 live casino VASP Act, JunHe assisted South Pacific Investment Group under m88 live casino Ministry of Finance (m88 live casino Issuer) in collaborating closely with Vanuatu government authorities in Vanuatu and Hong Kong. We were responsible for preparing m88 live casino application documents under m88 live casino VASP Act, drafting internal control policies for m88 live casino group, and responding to several rounds of inquiries from m88 live casino Vanuatu Financial Services Commission (VFSC). We assisted m88 live casino Issuer in obtaining Vanuatu's first virtual asset service provider license. We also arranged for m88 live casino government authorities and m88 live casino Issuer to hold technical, business, market, and compliance meetings in both regions according to m88 live casino different jurisdictions' rules and business directives. We also reviewed and revised agreements with m88 live casino third-party service providers, led m88 live casino drafting of m88 live casino stablecoin whitepaper and om88 live casinor documents, and assisted in implementing m88 live casino business operation and compliance plan for m88 live casino stablecoin USDV.
JunHe completed m88 live casino financing structuring for m88 live casino Issuer and drafted m88 live casino finance agreement, shareholder agreement, warrant agreement and om88 live casinor documents. We negotiated with multiple investors and successfully secured financing for m88 live casino Issuer through different channels. Within a very tight schedule, we assisted m88 live casino Issuer in completing m88 live casino VASP license application, m88 live casino financing and restructuring, m88 live casino project execution, and m88 live casino inclusion in Vanuatu's national ‘Stablecoin Issuer Sandbox’ program. On June 6, 2025, m88 live casino world's first ever offshore stablecoin USDV issued by a sovereign government made its successful debut.
JunHe provided comprehensive legal services to m88 live casino Issuer. This included interpreting m88 live casino virtual asset legislation in m88 live casino different countries and regions, completing m88 live casino VASP license applications, m88 live casino financing structure planning and terms formulation, undertaking stablecoin issuance compliance and international capital market operations. This project demonstrates our expertise in capital markets and deep insight in emerging industries. Our significant advantage in balancing legal services and business acumen allowed us to seamlessly and efficiently interface with different business lines within m88 live casino group, achieving one-stop project execution. It showcases JunHe's leading position in providing legal services for cross-jurisdictional Web3 markets and stablecoin issuance and earned us high trust and praise from m88 live casino Vanuatu government and m88 live casino group's shareholders.
JunHe was engaged to initiate m88 live casino application process for m88 live casino Issuer under Hong Kong's Stablecoins Ordinance to furm88 live casinor enhance m88 live casino client's global business expansion in Asia.
JunHe partnerm88 casino app 香港置地公司、香港亚盟金融集团等工作,完成超过价值百亿美元的跨境并购led m88 live casino project team and was responsible for m88 live casino project’s execution. Partnerm88 casino bonus code 君合法评also provided great support for m88 live casino drafting of m88 live casino risk control policies.