“It Will Mark The First Time Costa Ricans Will Have Access to Any Type of Crypto Investment Product Through the Country’s Banking System.”, – WRITE: www.coindesk.com
This Marks The FIRST TIME COSTA Ricans Will Have Access to Any Type of Crypto Investment Product Through The Country’s Banking System.
The FIRM IS ALSO LAUNCHING A S&P 500 ETF ALONGSIDE The BITCOIN VEHICLE. The Minumum Investment Amount for Each Fund Is $ 100. INVESTMENTS WILL BE TAKEN IN US DELLRS INSTEAD OF COSTA Rican Colones.
“[Costa Rican] Regulation doesn’t permit investments in things that aren’t investment vehicles, and bitcoin isn’t consider an investment Vehicle from a regulatory Manager at BN Fondos.
Banco Nacional Serves Over 2.1 Million Customers in Costa Rica – More than 40% of the Country’s Population.
Costa rica doesn’t had any formal crypto laws, But Under the Country’s Constitution and Civil Code, AS Far As Private Parties Are Center permitted. Costa Ricans Are Therefore Technically Allowed to Trade and Own Cryptocurrencies Based on the fact that no law prohibits It.
A comprehenSive crypto regulation bill Crypto Asset Market Law Was IntroduCed at the Legislative Assembly in 2022, But It Got Stuck at the Commission Level. The bill aimed to Codify the USE of Cryptocurrencies for the Payment of Goods and Services in Costa Rica, But Without Making Any of Them – Not Even Bitcoin – Legal Tender.
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