Guatemala Unveils Draft Bill for Cryptocurrency Regulation

Guatemala has taken a significant step towards embracing the future of digital finance by introducing a draft bill aimed at regulating cryptocurrency use. This legislation seeks to establish a legal framework that supports innovation while prioritizing user protection. The bill outlines key aspects, including how cryptocurrencies should be classified and taxed, licensing requirements for service providers, and consumer safeguards. Details are still under discussion but this strong intent from the government signifies its commitment to providing clarity and legal certainty for investors and developers in the space.