Regulatory Alerts2024-04-22 | 3672Regulations for Issuance of Stablecoin Public Offerings
The National Commission for Digital Assets of El Salvador issued regulations establishing the legal framework for the public issuance and trading of stablecoins. The rules mandate a 1:1 reserve backing, restrict eligible issuers to specific authorized entities, and require monthly affidavits and quarterly audits to ensure transparency. Additionally, the Commission maintains authority to cancel authorizations and publish a high-risk list to protect market stability.
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