ChainCatcher news, the El Salvadorian Congress approved a law on the issuance of digital assets, which established a legal framework for all digital assets except Bitcoin, allowing El Salvador to publicly issue digital assets and transfer them, and is expected to lay a legal foundation for the issuance of its Bitcoin bonds. In addition, the legislation also established the National Digital Assets Commission, which is responsible for applying securities laws to protect the rights of digital asset buyers and issuers in El Salvador and prevent fraudsters from doing business in El Salvador.

Digital asset service providers in El Salvador must complete a registration process and comply with several rules under the proposed law, including providing a list of digital assets they plan to offer, covering their "benefits, limitations and scope", demonstrating cybersecurity precautions and customer service capabilities, and providing the names and titles of company employees. In addition, issuers of digital assets must also comply with certain rules, such as disclosing information about the jurisdiction or country in which they operate. (Source link)