**Costa Rica Cryptocurrency News**

- Costa Rica has no formal laws on cryptocurrencies, but the government and institutions are allowing the sector to grow.

- A draft law on crypto assets was proposed in 2022 but was not passed.

- The central bank does not recognize cryptocurrencies as legal tender, but they can be used as a means of payment.

- Tax authorities consider cryptocurrencies as virtual assets subject to taxation.

- The country has seen an increase in the use of cryptocurrencies, especially in the capital and coastal regions.