Category: North America

El Salvador, known for being the first country to recognize Bitcoin as legal tender, continued to shape its cryptocurrency landscape with significant legislative developments prior to 2024. In 2023, the country’s Legislative Assembly approved a new law, the Law on the Issuance of Digital Assets (LEAD), to regulate the...

Legal Status of Cryptocurrencies As of the period leading up to 2023, the use and trade of cryptocurrencies were legal in the Dominican Republic. However, the Dominican government did not recognize cryptocurrencies as legal tender. This lack of recognition meant that cryptocurrencies were not backed by the government and...

The legislative landscape for cryptocurrencies in Mexico before 2024 presents a complex interplay of regulations, with significant involvement from various financial authorities. The primary legislative framework governing this sector is the Law to Regulate Financial Technology Institutions (the “Fintech Law”), which broadly addresses the main trends in the financial...

As of 2023, the legislative landscape for cryptocurrencies in Costa Rica is characterized by a developing framework that aims to address the complexities and opportunities presented by digital assets. The country’s approach to cryptocurrency regulation involves considerations for taxation, legal recognition, and potential for future legislative developments.The Tax Regulations...