New technical rules for the Bitcoin law in El Salvador have been submitted for discussion by its Central Bank. The document seeks to clarify the rights and requirements for financial institutions seeking to provide bitcoin to dollars exchange services in the country after it officially becomes legal tender. Significant provisions include the extensive collection, storage, and report of customer data.

The published paper says it seeks to facilitate the establishment of bitcoin as legal tender in the country by providing guidelines on the rights and requirements for companies of the finance industry and their transactions.

(Excerpt) Read more Here | 2021-08-18 14:16:00
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