Guatemalan authorities seek to learn from the Salvadoran experience with Bitcoin.
Representatives of the Superintendency of Banks of Guatemala (SIB) recently met in El Salvador to closely learn about the advances and challenges of adopting Bitcoin as legal tender in that country.
The meeting served as a platform to discuss key topics such as:
* Innovation Maturity Index: A methodology proposed by Guatemala to assess the level of technological development in the financial sector.
* Supervision of Bitcoin Service Providers: The SIB of El Salvador shared its experience in regulating companies that operate with cryptocurrencies.
* Evolution of Financial Technologies: The latest trends and their impact on regulated entities and regulators were analyzed.
Guatemala and cryptocurrencies: a path in construction
Guatemala has shown a growing interest in cryptocurrencies. While in 2021 the possibility of issuing its own digital currency was explored, the country has opted for a more open approach, allowing the circulation of cryptocurrencies like Bitcoin.
This decision aligns with the global trend of adopting digital assets and seeks to offer Guatemalans new payment and remittance options.
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