#DigitalAssetBill (or Digital Assets Law) is a proposed bill in El Salvador to regulate all digital assets other than Bitcoin (which is already covered by the Bitcoin Law of 2021).
Key Points:
✅ Broad regulation: Covers tokens, stablecoins, and other digital assets, excluding Bitcoin.
✅ Controlled issuance: Requires government authorization to launch new digital assets.
✅ Strict oversight: The Digital Assets Commission will supervise the market to prevent fraud.
✅ Investor protection: Greater transparency in initial coin offerings (ICO) and related services.
✅ Focus on innovation: Seeks to attract investment in blockchain without compromising financial security.
Context:
- El Salvador is a pioneer in crypto (since 2021, Bitcoin is legal tender).
- This law aims to organize the ecosystem of other crypto assets, avoiding risks such as scams or money laundering.