El Salvador Digital Assets Issuance Act regulation

Regulation · PageRank 0.0015

Also known as: LEAD

Overview

El Salvador's Digital Assets Issuance Law (Ley de Emisión de Activos Digitales) was enacted as Legislative Decree No. 643, published in the Diario Oficial on 24 January 2023 and effective from 1 February 2023. It establishes a legal framework for public offerings of digital assets in El Salvador and sets requirements for issuers, digital asset service providers, certifiers and other market participants, with the stated aims of legal certainty, market development and purchaser protection. The law created the Comisión Nacional de Activos Digitales (CNAD), the national regulator that licenses and supervises issuers and digital asset service providers and maintains the associated registries. It also provides tax exemptions covering income and other taxes for qualifying issuers, certifiers and service providers.

Within the DeFi Intel graph, El Salvador Digital Assets Issuance Act connects to 2 tracked entities, most strongly to El Salvador, Argentina CNV.

Relations

Top connections in the DeFi Intel knowledge graph (confidence-weighted, 2 of 2 total).

Frequently asked questions

When did El Salvador's Digital Assets Issuance Law take effect?

It was published on 24 January 2023 as Legislative Decree No. 643 and took effect on 1 February 2023.

Which regulator does the law create?

The Comisión Nacional de Activos Digitales (CNAD), El Salvador's national digital assets commission.

What does the law cover?

Public offerings of digital assets in El Salvador, and the requirements applying to issuers, digital asset service providers, certifiers and other market participants.