The Pacific island nation of Vanuatu has appointed Jackson Miake as its first Commissioner of Stablecoins, a newly created regulatory position following the passage of stablecoin legislation in 2025. Miake most recently served as a Governance Risk and Compliance Specialist at retail broker Exness for six months during the first half of 2026, prior to starting the Commissioner role in July under a contract with Vanuatu’s Ministry of Finance and Economic Management.
The appointment comes as Vanuatu implements comprehensive stablecoin regulation that establishes a supervisory commission, licensing requirements for issuers, reserve mandates, and disclosure obligations. The Commissioner position requires at least five years of relevant senior management experience and carries a five-year term with potential renewal. Responsibilities include coordinating the Stablecoin Supervisory Commission’s meetings and decisions, developing strategic plans, and providing administrative support to the regulatory body.
Miake’s background includes ICT policy development work with Vanuatu’s government and recent cybersecurity studies, though no public documentation has clarified how his qualifications align with the legislation’s senior management experience requirements. The appointment signals Vanuatu’s push to establish itself as a regulated jurisdiction for digital asset activities, joining other Pacific nations pursuing fintech-friendly frameworks.
For brokers and fintech companies, Vanuatu’s stablecoin regime represents another emerging offshore licensing option, though the operational credibility of such frameworks typically requires proven regulatory capacity and enforcement track records.
FXnCO Insight
New offshore digital asset licensing regimes should be evaluated carefully against operational substance and supervisory capability, not just legislative frameworks on paper.
Source: Finance Magnates