Regulatory Alerts2024-04-22 | 3671Regulation on Stablecoins Issuance and Public Offering
The National Digital Assets Commission of El Salvador issued this regulation to implement the Digital Assets Issuance Law by establishing a comprehensive regulatory framework for stablecoin issuers and digital asset service providers. The document mandates strict registration procedures, requires issuers to maintain a 1:1 reserve ratio with specific liquidity constraints, and imposes rigorous reporting, auditing, and transparency obligations to ensure market stability. It further outlines the grounds for authorization revocation, defines high-risk classifications, and sets forth fee structures for registration and public offerings.
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