{"id":10169,"date":"2024-05-30T14:53:53","date_gmt":"2024-05-30T20:53:53","guid":{"rendered":"https:\/\/interbiznet.net\/?p=10169"},"modified":"2026-03-04T15:12:33","modified_gmt":"2026-03-04T21:12:33","slug":"register-of-bitcoin-service-providers-in-el-salvador","status":"publish","type":"post","link":"https:\/\/interbiznet.net\/en\/register-of-bitcoin-service-providers-in-el-salvador\/","title":{"rendered":"Bitcoin\u00a0Service\u00a0Provider\u00a0Registration\u00a0in\u00a0El Salvador"},"content":{"rendered":"\n
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El Salvador adopted Bitcoin as legal tender in 2021.
\u00a0The Bitcoin Law<\/a><\/mark><\/strong> It is relatively simple and establishes Bitcoin as legal tender. However, the
regulation<\/a>\u00a0<\/mark><\/strong> later introduces specific requirements for companies offering Bitcoin-related services
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Requirements for Bitcoin Service Companies in El Salvador
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Companies that provide Bitcoin-related services, such as exchanges, currency exchanges, e-wallet services, or ATMs, must register with the Central Reserve Bank (BCR) before beginning operations. This process is relatively simple, but there are several aspects to keep in mind.<\/p><\/div><\/div>\n<\/div>\n<\/div>\n\n\n

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1- Process of registering a company in El Salvador:<\/h3><\/div>

Registration with the Central Reserve Bank is a simple process. There are no special requirements prior to establishing a company that will provide Bitcoin-related services in El Salvador.<\/p><\/div><\/div>

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2- Technical Contact<\/h3><\/div>

Companies must have a technical contact person who resides permanently in El Salvador.<\/p><\/div><\/div><\/div>\n\n\n

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Supervision of the Superintendency of the Financial System<\/h2><\/div>

Once registered with the Central Reserve Bank, companies will be supervised by the Superintendency of the Financial System. This entails:
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More information<\/div><\/a><\/div><\/div>\n<\/div><\/div>\n<\/div>\n\n\n

Compliance with the Anti-Money Laundering Law:<\/strong><\/strong><\/h3><\/div>

Companies must have a certified compliance officer and a deputy.<\/p><\/div><\/div>

UIF Regulations:<\/strong><\/strong><\/h3><\/div>

They must comply with all regulations established by the Financial Investigation Unit, including money laundering prevention policies and an annual training and work plan for the Compliance Officer.<\/p><\/div><\/div><\/div>\n\n\n