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El Salvador Updates 'Outdated' Law to Lift KYC Limits for Purchases from $200 to $25000

"El Salvador continues to build upon our first mover advantage as the leading destination for new capital markets on Bitcoin. We have now updated our KYC regulations and we will soon publish the amendment to the 2005 law related to collection of transaction data."

https://www.nobsbitcoin.com/el-salvador-updates-old-law-to-lift-kyc-limits-from-200-to-25000/

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jonathan 1y ago

Yea they still have outdated laws though like making noncustodial wallet services do KYC and pay for licenses. Even the US is any of them there.

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