El Salvador officials proposed to the working group on the dry dry dryer a cross -border regulatory sandbox, focused on tokenization. The pilot project involves an American license broker collaborating with a Salvadoran tokenization company and testing in the real estate sector and in the capital lifting on tokens.
El Salvador and the sec USA: the proposal of a cross -border cryptographic sandbox on the tokenization
According to what was reportedOn April 22, the Crypto Working Group of the American Commission for Securities and Exchange (SEC) met representatives of the National Digital Assets Commission (CNAD) of El Salvador.
The subject addressed was that of Approaches to solve problems related to cryptography regulationEspecially on tokenization.
Especially, El Salvador officials proposed to establish a cross -border sandbox for digital assets, Offer the Salvadorian regulatory infrastructure as a test field.
Here's how the document indicates:
“This initiative offers dry crypto task forces a real case study to assess simplified regulatory approaches for digital assets, an opportunity to observe and refine executives that could improve innovation in the American market. The CNAD has cultivated a robust ecosystem that balances consumer protection with technological advancement, a model that attracted high -level operators in digital tariff spaces, major exchanges, caliber operators. agreed to collaborate with the dry to establish a controlled sandbox pilot program. »»
The proposed sandbox targets the real estate sector and capital marketsthus establishing A pilot project for each sector.
More specifically, the test requires a broker with an American license to collaborate with a Salvadoral company in their two respective sectors depending on the tokens.
El Salvador with the dry United States to solve cryptographic regulatory problems
The pilot program will involve A selected group of sophisticated participants who will use limited capital (with a maximum ceiling of $ 10,000 per scenario), to minimize risks and maximize regulatory knowledge.
In practice, the sandbox includes: 1) A traditional financial broker with an American license obtaining a license for digital assets under CNAD regulations, and 2) the development of two small -scale tokenization offers facilitated by a tokenization company with a CNAD license.
The scope and the number of tokens issued will be adjusted in collaboration with the dry to align with its data collection objectives, guaranteeing results usable for the regulatory development of the United States.
If the proposal for a cross -border sand tank by Salvador officials was accepted, the The pilot project will serve as a case study to shed light on future regulations.
The ultimate goal is precisely generate practical data for the dry classification, on guard solutions and how digital assets can be integrated into the American regulatory executives, without undergoing a complete treatment of securities.
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Disappointment in Bitcoin services and the start of AI partnerships
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Recently, The El Salvador Central Reserve Bank (BCR) revealed that there is Only 20 Bitcoin Service Providers (BSP) who actually operate in the country.
In practice, 89% of Salvador cryptographic companies are inactive, Perhaps reflecting a general disinterest in Bitcoin, at least from the average citizen.
A disappointment For the president Nayib Bukelewho had already commented in August 2024 that The adoption of the BTC in Salvador was not yet as widespread as hoped for.
Still in April, however, El Salvador continued to get on the wave of emerging technologies, even if, instead of Bitcoin, the country has focused on AI.
In fact, recently, El Salvador announcement A collaboration with NVIDIA to jointly develop initiatives related to sovereign AI. This model allows countries to independently control their own infrastructure and data related to artificial intelligence.
