Regulatory Alerts2024-04-22 | 3673Regulation on the Issuance of Public Offerings of Stablecoins
The National Commission of Digital Assets (CNAD) of El Salvador issued this regulation to establish the legal framework for the issuance and admission of stablecoins under the Digital Assets Issuance Law. The document defines eligible issuers, mandates strict reserve requirements backed by international reserve assets, and outlines comprehensive registration, reporting, and auditing obligations. It further details the CNAD's authority to approve or object to issuances, cancel authorizations for non-compliance, and maintain a high-risk list to protect market stability.
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