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Costa Rican Legislative Assembly Considering Crypto Assets Market Law

17 November 2022

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Proposed Changes

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Costa Rica

Costa Rica's Legislative Assembly is considering Bill 23415, the Crypto Assets Market Law. The purpose of the legislation is to regulate the uses and taxation of mining, commercialization, intermediation, exchange, transfer, possession, custody, and administration of crypto assets, with the purpose of promoting the establishment and growth of the crypto asset industry in Costa Rica and generate greater financial inclusion and modernization of the Costa Rican digital economy. Aside from defining different types of crypto assets and their uses, one of the key aspects of the legislation is that all private natural and legal persons may freely agree and accept...