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El Salvador regulates public offerings of digital assets, creates CNAD oversight, and requires registration and disclosure for issuers, certifiers and digital-asset service providers.
Current state: In force from 2023-02-01; implementing CNAD standards also apply
Jurisdiction
El SalvadorRegulator
National Commission of Digital Assets (CNAD)
Law Type
Act
Status
In ForceOfficial Law Number
D.L. No. 643; D.O. No. 16, Tomo 438
Official Title
Ley de Emisión de Activos Digitales
Effective Date
February 1, 2023
Publication Date
January 11, 2023
Last Verified
August 26, 2026
Digital-asset issuers, offerors, exchanges, brokers, custodians, tokenizers, certifiers, service providers and investors in El Salvador.
CNAD registration; offering certification and public information document; issuer and service-provider governance; custody and market controls; advertising and disclosure; AML/CFT; inspections, suspension, cancellation and sanctions.
Authorization rule: CNAD registration.
No standalone AML/CFT rule is summarized here; generally applicable financial-crime law may still apply.
No dedicated custody rule is the primary focus of this record.
Disclosure, offering or marketing controls are material and communications should be fair, clear and not misleading.
Regulator: National Commission of Digital Assets (CNAD).
Not a tax code. Tax consequences depend on taxpayer, asset and transaction under the jurisdiction's current tax law.
Reform to the Bitcoin Law
Makes private Bitcoin acceptance voluntary and limits the state's mandatory role in Bitcoin transactions.
Digital Assets Issuance Law
Creates a statutory framework for public digital-asset offerings and regulated service providers.
Decision No. E/35/2023 on Virtual Asset Service Provider Registration, Cancellation of Registration and AML/CFT Instructions
Oman's FSA Decision No. E/35/2023 requires registration with the Oman Financial Services Authority (formerly Capital Market Authority) before carrying on covered virtual-asset activities in the Sultanate of Oman. It implements AML/CFT, governance and compliance requirements, and provides registration, cancellation and supervisory procedures. This is a VASP registration/AML regime and should be distinguished from any future full licensing framework.
Resoluções BCB nos. 519, 520 e 521, de 10 de novembro de 2025
Brazil's Central Bank (BCB) Resolutions No. 519, 520 and 521 of 10 November 2025 implement the virtual-asset regulatory framework under the supervision of the Central Bank. Resolution 519 establishes VASP authorisation procedures; Resolution 520 sets activity, governance, controls, security and conduct requirements; Resolution 521 integrates specified virtual-asset operations into Brazil's foreign-exchange and international-capital rules. Commencement is staged during 2026 — verify the effective date for each resolution separately.
Policy Recommendations for Crypto and Digital Asset Markets — Final Report (FR11/2023)
The IOSCO Policy Recommendations for Crypto and Digital Asset Markets (2023) contain 18 recommendations grounded in the principle of consistent regulation of economically equivalent activities. They address conflicts of interest, market manipulation, custody, disclosure, retail risks and cross-border cooperation. IOSCO recommendations are not self-executing domestic law — implementation depends on member regulators in their respective jurisdictions.
Utility Token Offering Act, 2018 (Act No. 4 of 2018)
Anguilla's Utility Token Offering Act 2018 (Act No. 4/2018) is one of the world's earliest purpose-built utility-token offering frameworks. It creates registration requirements for utility-token issuers, sets offering, disclosure and issuer-qualification conditions, and works with AML regulations and later amendments. Verify the most recent consolidation — a 2020 amendment may affect the effective/status fields.
