A bill presented to the Legislative Assembly of Costa Rica proposes to give legal certainty to cryptocurrency transactions and establish a regulation for the exercise of activities that take place from the asset that is stored and transferred virtually.
According to TripleA, a consulting firm based in Singapore, 1.69% of Costa Ricans, equivalent to 88,127 people, own cryptocurrencies.
Currently, Costa Rica has no legal regulations governing activities that involve or develop from crypto-assets or through blockchain technology.
The closest thing to a regulation was a draft Resolution published for review, issued in 2021, by the Tax Administration.
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