On May 12, 2025, Guatemala introduced Bill No. 6538 aimed at establishing the “Cryptocurrency Law in Guatemala.” This law seeks to regulate the usage, exchange, and storage of cryptocurrencies and digital assets within the country. The bill mandates registration with the Superintendency of Banks for all cryptocurrency-related platforms and service providers.
Key Points
- Bill No. 6538 aims to regulate cryptocurrencies in Guatemala.
- Requires registration for crypto platforms with the Superintendency of Banks.
- Entities must comply with transparency, cybersecurity, and user protection regulations.
- Mandatory identity verification (KYC) and suspicious transaction reporting to the authorities.
- Law includes provisions for tax treatment and financial education initiatives.
Why should I read this?
This article is a must-read for anyone interested in the evolving landscape of cryptocurrency regulation. With Guatemala making significant strides toward establishing a formal framework for cryptocurrencies, it highlights a pivotal moment that could influence broader trends in crypto governance not just in Central America but worldwide. Don’t miss out on the details that could affect how crypto operates in the region!