Virtual Asset (Service Providers) (Amendment) Act, 2026 (Act 4 of 2026)

Summary

This is a short amending Act that changes the definitions section of the Virtual Asset (Service Providers) Act (2024 Revision). It replaces the existing definition of "issuance of virtual assets"/"virtual asset issuance" and adds new defined terms cross-referenced to the Mutual Funds Act (2025 Revision) and Private Funds Act (2025 Revision).

• New defined terms added: digital equity token, digital investment token, tokenised mutual fund and tokenised private fund
• Effect on scope: Clarifies that issuance of digital equity tokens by a tokenised mutual fund, or digital investment tokens by a tokenised private fund, in accordance with the Mutual Funds Act and Private Funds Act respectively, is excluded from the scope of "virtual asset issuance" under the Virtual Asset (Service Providers) Act, alongside the existing exclusion for virtual service tokens.
• Repeal: The Act repeals the earlier Virtual Asset (Service Providers) (Amendment) Act, 2025 in its entirety.

The practical effect is to narrow, or clarify, which activities count as regulated "virtual asset issuance" for licensing purposes under the Virtual Asset (Service Providers) Act, so that tokenised mutual funds and tokenised private funds issuing digital equity or investment tokens in compliance with the Mutual Funds Act and Private Funds Act do not need to separately treat that issuance as virtual asset business under the VASP regime. The Act does not introduce new filing, reporting or licensing obligations of its own; it is a technical/interpretive amendment plus a repeal provision.

Applies to

virtual asset service providers, tokenised mutual funds, tokenised private funds

Related documents

• This document amends Virtual Asset (Service Providers) Act (2024 Revision)