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El Salvador Bitcoin Law: draft bank regulations released for consultation (davidgerard.co.uk)
2 points by davidgerard on Aug 18, 2021 | hide | past | favorite | 2 comments


The draft regulation is similar to other existing regulations there, for example the "Electronic Money Providers Regulation".

Even with the similarities, I would be surprised that an existing entity could come up with an app so fast as to have something workable by September 7 when Bitcoin becomes legal tender.

It also inherits some defects of other Electronic Money and Banking regulations, the main one IMHO is exluding everyone who is under 18 y/o.

Others are difficult to implement, like logging the IMEI, which is not provided by every smart phone manufacturer.


yeah, there are certain signs of this being put out as quickly as possible.




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