Regulatory Alerts2024-04-22 | 3677Regulation of Registration of Issuers and Public and Private Issuances of Digital Assets
The National Commission of Digital Assets of El Salvador issued regulations to establish the registration and qualification requirements for public and private offerings of digital assets. The rules mandate that issuers submit detailed documentation, including audited financial statements, smart contract audits, and Relevant Information Documents, to ensure transparency and investor protection. Additionally, the framework defines specific custody protocols, conflict of interest policies, and the role of independent certifiers in validating these digital asset issuances.
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