币界网报道：[Nauru passes legislation to establish a dedicated virtual asset regulator] According to Bijie.com, the Pacific island nation of Nauru has passed legislation to establish a dedicated virtual asset regulator covering cryptocurrencies, digital banks and Web3 innovations, aiming to become a cryptocurrency center. The bill established the "Command Ridge Virtual Asset Authority" (CRVAA), which is responsible for supervising the registration and service licenses of cryptocurrency companies. According to the bill, cryptocurrencies are defined as commodities rather than securities, and payment tokens are excluded from investment contracts. CRVAA will regulate decentralized financial services such as cryptocurrency exchange operations, initial coin offerings, non-fungible tokens, lending, staking, and yield farms, as well as stablecoin issuance, cross-border payment solutions, and digital banks.