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Transparency Portal

Register as a

Digital Assets Service Provider (DASP)

What Is DASP?

It is a natural or legal person whose ordinary business involves providing one or more of the digital asset services detailed in Article 19 of this Law, and who meets one of the following two conditions:

  1. It is domiciled in El Salvador;

  2. It is not domiciled in El Salvador, but actively promotes or markets its services to potential clients in the country.

Pre-Registration Process

Pre-register here

For a correct pre-registration, it is necessary to have clear which steps to follow, detailed below.

Pre-Registration Form

Interested parties must fill out the pre-registration form with information and documents related to:

  1. Applicant; and
  2. Area they wish to operate in.
1.
2.

CNAD Evaluation

The CNAD will conduct the corresponding analysis of the information provided in the form, and may request additional information from the interested party if necessary.

Submission of Additional Information

The interested party must submit the required additional information.

3.
4.

Second Evaluation by CNAD

The Commission will conduct a second evaluation and issue either an “objection”
or “no objection” with proper justification.

  • No objetion: CNAD will specify to the applicant the requirements and process for registration in the desired operating area.
  • Objetion: Will be based on lack of territorial and material competence, in accordance with Articles 2 and 4 of the LEAD.

The interested party must fill out the pre-registration form found on the official website of the national commission of digital assets, with the following information and documentation:

Requirements guide for the registration process as a DASP

Requirements guide for the registration process

DOWNLOAD

Process of Definitive Registration of Digital Asset Service Providers

Final stage following pre-registration.

PSAD Documents

Compliance with the requirements of Art. 20 of the LEAD with regard to Art. 7, 17 to 35 of the RPSAD.

1.

Complete Form - Submission

The interested party must submit the previously mentioned documentation in digital and physical format at the CNAD offices.

Evaluation of the Application

CNAD will have a maximum period of 20 business days to evaluate them and issue a favorable or unfavorable resolution; or to notify the entity, if the application is incomplete, so that within 10 business days, the missing information and documentation are completed.

2.
3.

Favorable or Unfavorable Resolution

  • Unfavorable resolution: The PSAD has the option to resubmit its registration request.
  • Favorable resolution: Payment of the initial registration fee ($5,475) within 10 days from the notification of the resolution.

Otorgamiento de asiento Granting of Registration Seat

CNAD will issue a registration certificate and authorization to operate as a Digital Asset Service Provider.

4.
5.

Favorable or Unfavorable Resolution

The PSAD and/or Certifier will enjoy the tax benefits established by Article 36 of the LEAD Law from the notification of the definitive registration number

Notification to UIF

Finally, the Commission will notify the Financial Investigation Unit of the registration of the new Digital Asset Service Provider

6.