CNAD Develops Global Regulatory Framework for Cryptocurrency

The CNAD is developing new strategies for regulating cryptocurrency, with a focus on international cooperation. Collaborating with the U.S. Securities and Exchange Commission (SEC), the CNAD aims to create a framework that transcends geographical boundaries. This initiative follows El Salvador’s adoption of Bitcoin as legal tender in 2021 despite challenges with its financial infrastructure. The CNAD believes cryptocurrency should operate without geographic limitations, advocating for regulatory cooperation that addresses these constraints.