EL SALVADOR – Considerations about the Bitcoin Law

On Tuesday, June 8, El Salvador became the first country in the world to adopt Bitcoin as legal tender. That is, as a regulated and accepted means of payment under certain circumstances throughout the…

EL SALVADOR – Fintech Regulations

Since 2015 El Salvador has regulations that provide some guidelines on the digitization of Financial services with the intention of incorporating as many users as possible and adapting them to new times with two objectives in mind: the first, to integrate that part…

El Salvador: New Tax Reforms

The last May 14th, 2020 , the Legislature approved by Legislative Decree No. 643 , the "TRANSITORY ACT TO FACILITATE VOLUNTARY COMPLIANCE WITH TAX OBLIGATIONS UNDER THE NATIONAL EMERGENCY CAUSED BY THE COVID-19 PANDEMIC" The main tax…

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