Balancing Regulation and Innovation: Pesh’s Response to Crypto Ban Proposal
Media Release
Pesh Money Responds to Proposed Cryptocurrency Ban
St. Augustine, Trinidad & Tobago – September 23, 2025
Pesh Money Limited (“PESH”) notes the Government’s proposal to ban cryptocurrency activity in Trinidad and Tobago until 2027 under the Virtual Assets and Virtual Assets Service Providers Bill, 2025. As a licensed and regulated e-Money issuer under existing e-Money regulation, PESH is not operationally affected by this decision. Our services remain uninterrupted, and we continue to provide safe, reliable, and fully compliant digital wallet solutions to our users.
At PESH, we have always welcomed regulation. Clear rules protect citizens, strengthen the financial system, and build public trust. We believe this is essential to the long-term growth of digital finance in Trinidad and Tobago.
At the same time, it is important to recognise that digital currency is still in its infancy locally. A multi-year pause on cryptocurrency activity will inevitably slow innovation, which is why we encourage policymakers to move with urgency in drafting the right laws. Regulation and innovation should not be seen as opposing forces — they must advance together. Mechanisms such as “regulatory sandboxes” can allow entrepreneurs to innovate responsibly while the legislative framework is finalised.
Trinidad and Tobago has a valuable opportunity to get this balance right. With strong, clear regulation and active collaboration between government and industry, we can ensure that our citizens are protected while still unlocking the benefits of a modern, competitive digital economy.
PESH remains confident in our mission to provide secure, regulated digital wallet services, while also supporting broader innovation across the financial technology sector. We will continue to work constructively with regulators, stakeholders, and the wider industry to help shape a digital future that works for everyone.
Simon Fortuné
Chief Executive Officer
Pesh Money Limited
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