Regulatory Alerts2024-04-22 | 3678Regulation on the Registration of Issuers and Public and Private Digital Asset Offerings
The National Commission of Digital Assets (CNAD) of El Salvador issued this regulation to establish the legal framework for the registration of issuers and the authorization of public and private digital asset offerings. It mandates specific transparency, disclosure, and documentation requirements for issuers, including natural persons, legal entities, and autonomous entities, while defining key terms and operational standards. The regulation further outlines strict protocols for conflict of interest prevention, digital asset custody, and the role of independent certifiers to ensure market integrity and investor protection.
Share