kaal:claim:3117224-034

Because cryptocurrencies are not issued by foreign central banks, Costa Rica does not consider them foreign currency and they cannot fall under the regulations of the exchange regime.

Source quote, verbatim

As cryptocurrencies are also not issued by foreign central banks, they cannot be considered foreign currency and so cannot fall under the regulations of the exchange regime.

From

Wulf A. Kaal, Initial Coin Offerings The Top 25 Jurisdictions and Their Comparative Regulatory Responses (2018), IV. Regulatory Responses, p. 25
https://ssrn.com/abstract=3117224 · source PDF

Cite as

Wulf A. Kaal, Initial Coin Offerings The Top 25 Jurisdictions and Their Comparative Regulatory Responses (2018). SSRN: https://ssrn.com/abstract=3117224

Holds when

Costa Rica

Classification

mechanismsupport: evidencedsystemic-risk

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