Technical Standards and Guidelines for the Bitcoin Law
Since the article 14 of Legislative Decree No. 57, Of date 8 June 2021, containing the Bitcoin Law, established Bitcoin as legal tender in the territory of El Salvador, unrestricted with liberating power, Unlimited in any transaction and under any title that public or private individuals or legal entities require to carry out. The BCR has issued the Technical Standards to facilitate its application, which are under review.
As an audit firm Ramírez y Asociados, S.A. de C.V. We are monitoring how these government decisions will impact the accounting and financial situation of businessmen in our country., Similarly, the responses to risk in operations related to the implementation of Bitcoin as legal tender in the country..
As a pre-approval study, we leave the TECHNICAL STANDARDS TO FACILITATE THE APPLICATION OF THE BITCOIN LAW and the GUIDELINES FOR THE AUTHORIZATION OF THE OPERATION OF THE DIGITAL WALLET PLATFORM FOR BITCOIN AND DOLLARS.