The National Commission of Digital Assets (CNAD) serves as a pivotal government institution entrusted with the oversight and regulation of the digital asset landscape in El Salvador. This encompasses cryptocurrencies, tokens, and other digital financial instruments. CNAD’s primary objective is to uphold security, transparency, and trust within the digital asset market, thereby fostering financial inclusivity and driving economic advancement.
CNAD operates as an independent entity. As a decentralized, autonomous entity with distinct legal standing and independence, CNAD takes on the crucial role of supervising and regulating the national digital asset ecosystem. Our mandate extends to cryptocurrencies, tokens, and other digital financial instruments. Our core mission is to establish and maintain a secure, transparent, and trustworthy environment within the digital asset market, ultimately propelling financial inclusiveness and spurring economic growth.
CNAD also maintains a public registry of entities that are authorized to issue or market digital assets within El Salvador. Failure to obtain prior authorisation from CNAD constitutes a legally unauthorized issuance, and entities involved in these activities are liable in accordance with the Law of Issuance of Digital Assets.
A digital representation that can be stored and transferred electronically, using a Distributed Ledger Technology system, or similar analogous technology, in which records are linked and encrypted to protect the security and privacy of transactions. As an essential feature, digital assets can be owned, exchanged, transferred, traded, and promoted by natural and legal persons.
Digital assets are not considered securities, therefore, the legal provisions governing such securities will not apply in any way.