Month: September 2021

El Salvador ´s Crypto Ecosystem and next steps to implement.

Written by: Daniel Leiva   “The journey of a thousand miles begins with one step.” Lao Tzu.   On Wednesday, June 9, El Salvador published in its Official Gazette a historic event worldwide, the first law in the world that provided a digital asset, specifically the bitcoin with unrestricted and unlimited clearance power in any …

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Reforms and new regulations of the Nicaraguan Financial System

In August of this year certain reforms to the main laws of the Nicaraguan financial system were approved: Law No. 1078 “Law Reforming Law No. 561 General Law of Banks, Non-Banking Financial Institutions and Financial Groups”, Law No. 1079 “Law Reforming Law No. 587 Capital Markets Law” and Law No. 1080 “Law Reforming Law No. …

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Myths and Legends of Competition Law in Guatemala

Written by: Mario Estuardo Archila   The subject of Competition Law is complicated, because of all of the disciplines involved in the elaboration of its legislation, interpretation, and application.   In Guatemala, this issue was in everybody’s mind due to the publicity that has been given to the necessity of having a Competition Law, since …

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El Salvador: Executive summary – creation for Bitcoin Trust Law

On August 31st, 2021, with 64 votes the Congress approved the Law regarding the Creation of the Bitcoin Trust (“FIDEBITCOIN”), by means of which a trust is constituted in the Development Bank of the Republic of El Salvador (“BANDESAL”), to benefit the users of the National Wallet, represented by the Republic of El Salvador, whose …

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