Digital Economy

The approval of the Andorra Law on Blockchain & Cryptos

By
Jose Maria ALFIN
on
May 26, 2022

The Draft Bill on Blockchain & Cryotocurrencies was about to be approved as a final law.

The Draft Bill on Blockchain & Cryotocurrencies was about to be approved as a final law. Nevertheless, the technical sophistication; difficulty; great amount of changes that probably will be necessary in matters as (i) anti-money laundering provisions; (ii) regulatory and supervision by the Andorra Financial Authority; (iii) role of Banks, have been factors that have delayed the normal parliament terms to approve a law.

Consequently, I think that the law will remain under discussion for 3-4 months more. In any case, I will keep you posted on any new related to this matter.

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