Category: Guatemala

In 2024, Guatemala has emerged as a significant player in the realm of cryptocurrency regulation, adapting its legislative framework to the evolving dynamics of digital currencies. This Central American nation’s approach to cryptocurrency legislation is a reflection of a broader global trend towards recognizing and regulating digital currencies. The...

Guatemala’s approach to cryptocurrency regulation prior to 2024 was characterized by a clear stance against recognizing these digital assets as legal tender, coupled with warnings about their use and the associated risks. Non-recognition as Legal Tender In December 2017, the acting President of the Bank of Guatemala, Sergio Recinos,...