Stablecoin Procedure

Stablecoin Procedure. The National Commission of Digital Assets will issue a "No Objection Resolution" within a maximum period of 5 business days, in case it finds no impediment with the issuance. In case the information presented is incomplete, the National Commission of Digital Assets will notify the applicant and establish a maximum period of 15 business days for the missing information and documentation to be provided, and then issue its ruling within the period established in the previous paragraph. In case the missing information and documentation are not completed, an "Objection" resolution will be issued and the applicant will not be able to proceed to issue its stablecoin. Additionally, an "Objection" resolution will also be issued in case the National Commission of Digital Assets considers that the issuance of said stablecoin presents a risk to the stability of the digital asset system. Once the National Commission of Digital Assets has issued a "No Objection Resolution", the public offering of stablecoins will be considered enabled. In the case of stablecoins issued in other jurisdictions, countries or territories and that wish to be admitted to the digital platform of a digital asset service provider, the National Commission of Digital Assets must also issue a "No Objection Resolution" for these stablecoins to be marketed on said platform. In this sense, digital asset service providers must immediately submit the list of stablecoins that have requested admission to their platform.