#CryptoRegulation PART 2.

Chile

Thus, the Bitcoin law would state that the Central Bank of Chile is responsible for regulating them. Additionally, the idea is to strengthen the Financial Analysis Unit in the fight against money laundering. It also requires knowledge from specialists selling the product, so they will have to undergo mandatory training.

Panama

Currently, the Commission on Trade and Economic Affairs is discussing two options: to combine both laws or to choose one of them to bring to debate in the National Assembly.

Venezuela

The Executive approved a law that reforms the Law on Taxes on Large Financial Transactions to include cryptocurrencies. This way, a tax of 2% to 20% will be levied on transactions with crypto assets.

El Salvador

In September 2021, El Salvador became the first country in the world to accept bitcoin as an official currency. Thus, the legislation allows merchants and consumers to acquire goods and services using bitcoin as legal tender.

Argentina

In Argentina, there is a bill presented by the deputies, members of the Board of Directors of the Circle of Legislators. There is also a draft signed by the deputy from Juntos por el Cambio Ignacio Torres, which has the backing of several exchanges in the country.