Regulatory Alerts2024-04-22 | 3667Added · Updated
Digital Asset Issuance Law - Ley de Emisión de Activos Digitales
The Legislative Assembly of El Salvador enacted the Digital Asset Issuance Law to establish a legal framework for the public offering of digital assets, creating the National Digital Asset Committee and the Bitcoin Fund Management Agency to regulate the market. The law mandates registration for issuers and service providers, requires comprehensive disclosure through certified Information Documents, and grants significant tax exemptions for digital asset transactions and related entities. It further defines market integrity standards, prohibits manipulation, and establishes a tiered penalty system for non-compliance to protect investors and ensure transparency.
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