The financial regulator in Vanuatu tightens its requirements for all retail forex brokers, registered on the atoll.

The new regulations come after in 2016 the local Vanuatu Financial Services Commission (VFSC) imposed a minimum capital requirement of 50,000 USD for all retail brokers under its jurisdiction.

Now VFSC adds to the capital requirement a structural one – all regulated brokers should maintain a physical presence on the island – they should open an office there and have a local director.

Other measures include some restrictions regarding the crypto offerings.

In comparison, their old minimum capital requirement was just 2,000 USD.