El Salvador Stablecoin Regulation
Stage: Live
Regulator: National Commission of Digital Assets (CNAD)
El Salvador's digital asset framework is governed by the Digital Assets Issuance Law (LEAD), enacted in 2023 and amended in August 2024. The law specifically regulates stablecoins, requiring issuers to register with the National Digital Assets Commission (CNAD) and publish detailed offering documents. Recent reforms expanded CNAD's oversight and refined stablecoin definitions to emphasize low volatility.
Applicable Laws:
- Bitcoin Law - https://en.wikipedia.org/wiki/Bitcoin_Law
- Digital Assets Issuance Law (LEAD) - https://cnad.gob.sv/wp-content/uploads/2024/04/LEY-DE-ACTIVOS-DIGITALES-2023-ENG.pdf
