Webinar Replay: The Future of Crypto Licensing in El Salvador | DASP & Bitcoin Law Explained

Launching a crypto business under El Salvador’s groundbreaking regulatory framework? This in-depth webinar explores how the country is positioning itself as a global hub for digital asset innovation — and what companies need to know to stay compliant and competitive. This episode features José Rodriguez, a blockchain lawyer and licensing expert from El Salvador, in conversation with Niko Demchuk, Head of Legal and Compliance Consulting at AMLBot. Together, they unpack the Bitcoin Law, the Digital Asset Issuance Law (DASP), and how these frameworks enable businesses to operate tax-free, legally serve global markets, and build with clarity.

🎙 Quote of the Episode:

"El Salvador created not just one, but two specialized legal frameworks — one for Bitcoin and one for all other digital assets — so financial innovation can move faster, without compromising compliance."

– José Rodriguez, Blockchain Lawyer, Prifinance

🧭 Episode Breakdown

2:00 | Why El Salvador Became the First Country to Adopt Bitcoin as Legal Tender
6:30 | What Changed: From “Legal Tender” to “Legit Circulating Asset” — and Why It Matters
9:10 | How DASP Licensing Works and Why It’s Not Just for Local Businesses
13:00 | Dual Licensing: When You Need Both BSP and DASP Approvals
17:20 | Zero-Tax Incentives for Digital Asset Businesses — Too Good to Be True?
21:00 | Physical Presence and Compliance Officer Requirements Explained
26:40 | Banking Realities: What Salvadoran Banks Allow, and Where Else to Go
32:00 | Is This “Post-MiCA” Friendly? How DASP Compares to EU Regulation
36:00 | Serving Clients Globally While Staying Compliant Under El Salvador’s Rules
40:00 | Live Q&A: Most Asked Questions from the Audience

📄 Transcript

Niko:
Hello, everyone. Let's wait another two, three minutes. Let's give some time for others to join our webinar today and while we are joining for the participants, maybe you can please type in the chat: Are you looking to set up a business or are you already working and looking for a new jurisdiction? Have you heard anything about El Salvador? Just to help us present the topic better. Also, a reminder while we are waiting — please do not forget to subscribe to all of our social media accounts since we will have a few other webinars in May and then also during summertime, so you will not miss it. Yeah, I see we’re having new comments — someone is looking for a new jurisdiction. Someone already had experience, visited El Salvador, but had their license denied twice. Interesting.

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Niko:
I think we can start. It’s been four minutes, so if anyone joins later, it’s okay. Again — good day, good afternoon to everyone. Today we will have a webinar and talk about El Salvador and crypto regulation over there. My name is Niko Denchuk. I am a lawyer and compliance specialist working for AMLBot, a blockchain analytics company that provides KYT, KYC services and compliance consulting. Since you’re all here — please don’t forget to subscribe to our media channels. We post very interesting information and news about upcoming webinars. This webinar is about crypto and blockchain regulation, and it’s part of a series.

In November we had a webinar about MiCA regulation in the EU. That was our first on regulation. The second was about Bermuda. And today — El Salvador. I think this is one of the most interesting jurisdictions to talk about nowadays. It’s all over the news. It paved the way several years ago when El Salvador adopted a law accepting Bitcoin as legal tender, basically the same as official currency, alongside the US dollar. And we have a speaker today — José — who is located in El Salvador and helps companies apply for crypto licenses there. José, please introduce yourself.

José:
Hi everyone. I guess it’s good afternoon or good night for some of you, maybe good morning. It’s 8:00 AM in El Salvador. I’m a lawyer, practicing for more than 16 years, technology-centered. In 2021, when the Bitcoin Law was issued, we started a specialized practice on Bitcoin regulations. Later in 2022–2023, we added digital assets, since El Salvador now has a complementary framework. Personally — I’m a Bitcoiner. I basically live on a Bitcoin standard, and my company does too. So we’re not only in regulation, but also deeply into the everyday use of Bitcoin and other digital assets.

Niko:
Thank you for the introduction! I think we can already start with questions I prepared.

Why El Salvador?

Niko:
Most participants have likely heard about El Salvador — that it's accumulating Bitcoin and is very progressive in crypto. But if we take a step back, what were the prerequisites? Why did this relatively small Latin American country end up at the forefront of crypto regulation and Bitcoin adoption?

José:
Well, I’d say we definitely have a bold and progressive government. President Bukele has surrounded himself with smart advisors from around the world. Around 8–10 years ago, El Salvador was known mostly for negative things — that was our reality. So the country needed a game-changing idea to completely transform its image. The advantage is — we’re small. About 6–7 million people, half of whom are minors. That makes it easier to implement big changes when there’s political will.

The government saw a major opportunity in Bitcoin. Globally, the trend was already happening — with companies like MicroStrategy making big BTC investments, and conversations around how to reshape financial systems. Bitcoin had already proven itself as a "hard asset" — something with long-term value preservation.

So in 2021, when the government passed the Bitcoin Law, they made it clear: “We know we won’t be the last, but we want to be the first.” It was a bold move — a first-mover advantage. Initially, it was criticized by international players, including the IMF. They raised the country risk rating, called the move crazy.

But now, four years later, the Bitcoin Law is still in place. The government has built a strategic Bitcoin reserve, and BTC has proven itself long-term. Even the IMF is now looking at it more positively.

Bitcoin No Longer Legal Tender?

Niko:
And just to clarify — I read that El Salvador removed the clause recognizing Bitcoin as legal tender. Initially, businesses were obligated to accept Bitcoin payments. Is it true that BTC no longer holds legal tender status?

José:
Yes — that’s a common misconception, and we’ve worked closely with the Bitcoin Office on how to communicate this properly.

So originally, the Bitcoin Law — which is very short, only about 14 articles — said Bitcoin was legal tender. That meant it could be used to pay any debt or obligation, and the government could also use it for public investments.

But — and this is key — the law never said Bitcoin was mandatory. Legal tender just means it’s supposed to be accepted, but not enforced. For example, before El Salvador used the US dollar, we had the colón. Even today, it’s technically still legal tender. But try paying in colones — no one will take it.

When the Bitcoin Law passed, the government clarified: “Merchants who have the ability to accept BTC should do so. If you can’t — like a tortilla vendor on the street — you’re not forced.”

Then came pressure from the IMF. They said it was too risky to have BTC as legal tender — especially if the government wanted to pay debts or taxes in Bitcoin, because of price volatility.

So now, they’ve updated the language: Bitcoin is a legit circulating asset — which removes the word “tender,” but changes nothing for users. You don’t need permission to hold, send, use BTC for real estate or investments. The government just can’t use it to pay IMF loans, and you can’t pay taxes with it. That’s it.

Did That Affect Adoption?

Niko:
And did this law actually lead to wider adoption of Bitcoin? Did everyday people start using it for payments and services — or is it still mostly limited to tech-savvy folks or investors?

José:
That’s a great question. What the Bitcoin Law really did was spark curiosity. People saw the Bitcoin logo and said, “Is this Bukele Coin? Did the government issue Bitcoin?” There was a lot of confusion — and we have big gaps in basic education, so it’s not easy to spread advanced financial knowledge to everyone. Many still don’t care or don’t use it. But over time, awareness has grown — especially among university students, professionals, entrepreneurs, and banks.

Four years later, I’d say Bitcoin adoption is stronger than ever — especially compared to the early “hype” years. Now we see banks understanding BTC, payment processors integrating it, real estate being bought with it, companies putting BTC on their balance sheets.

It’s not universal, but it’s matured significantly. And now, the Digital Asset Law complements this ecosystem — for everything beyond Bitcoin. And that’s a very important piece we’ll get into.

Bitcoin Law vs. Digital Asset Law (DASP)

Niko:
So I’ve done some research — and I know El Salvador now has two separate legal frameworks: one focused exclusively on Bitcoin, and another for broader crypto services — the Digital Asset Service Provider license, or DASP.

Can you explain why there are two separate laws instead of one unified regulatory framework? Why is Bitcoin regulated separately from all other digital assets?

José:
Now that you understand the history, this split makes a lot more sense. Originally, the government passed the Bitcoin Law. That law came with a secondary regulatory framework — a registry — for Bitcoin Service Providers (BSPs). It covered things like digital wallets, exchanges, custodians, and payment processors dealing exclusively in Bitcoin. Because Bitcoin was declared a legit circulating asset, it received unique treatment — lighter in some ways. For example, you can go to Pizza Hut and pay with BTC. You can’t do that with Ethereum.

That’s the fundamental reason we have two different laws: Bitcoin is in its own category.

Niko:
Just to clarify for our participants: that’s because Bitcoin was originally recognized as legal tender. That’s why it’s regulated separately.

José:
Correct. That’s where the legal distinction comes from.

Why the Digital Asset Law was Needed

José:
So from 2021 to 2023, we had a gray area. Bitcoin was covered, but what about USDT? Ethereum? Solana? If someone came to El Salvador and asked: “Can I buy a car with USDC?” — there was no legal clarity. That’s when the government realized there was a huge opportunity: to create a friendly, structured framework for digital capital markets.

That’s what the Digital Asset Law does. It’s actually called the Law for the Issuance of Digital Assets. It’s not just about crypto transactions — it’s about building digital capital: securities, tokens, derivatives, yields, digital bonds, real-world asset tokenization. The idea was to enable a regulated, compliant crypto industry — not just for speculation, but for real financial infrastructure.

License Types: BSP vs DASP

José:
So let’s break this down:

• BSP (Bitcoin Service Provider):
  • Registry-Based (Not a Full License)
  • Supervised by the Central Bank of Reserve and Superintendency of Financial System (SSF)
  • Covers: Bitcoin-Only Wallets, Custodians, Exchanges, Payment Processors
  • No USDT or Altcoins Allowed — otherwise, you fall under DASP.
• DASP (Digital Asset Service Provider):
  • Full Licensing Framework
  • Supervised by SENAD — a Brand-New National Commission of Digital Assets, Created Just for This
  • Covers: Exchanges, Trading Platforms, OTC Desks, Token Issuance, Stablecoins, Real-World Asset Tokenization, and More

Niko:
So if a business deals with Bitcoin + other tokens, they need both: BSP registry and DASP license?

José:
Exactly. That’s one of the key things to understand. You’ll need to comply with both frameworks.

SENAD: El Salvador’s Dedicated Crypto Regulator

José:
One thing that sets El Salvador apart is SENAD. Most countries have crypto oversight handled by a traditional financial regulator — like the EU’s MiCA framework, which runs through central authorities. But SENAD is tailor-made for crypto. It’s a commission of 30+ tech-savvy professionals, many trained in blockchain tech, digital asset law, and DeFi. They understand the nuances of this industry. That makes the whole licensing process faster, more relevant, and less painful than working with, say, a legacy financial authority that doesn’t even know what an NFT is.

Do You Need a Physical Presence in El Salvador?

Niko:
Let’s talk about something practical. Many startups I know want to apply for a license — but they don’t want to relocate their whole team to El Salvador. So what’s actually required? Do they need a physical office, local directors, staff on the ground?

José:
That’s a great question — and one we get a lot. The Digital Asset Law was designed with the digital space in mind, so:

👉 You DO NOT need to physically operate in El Salvador.
👉 But you DO NEED to domicile a legal entity there.

So, you’ll need to incorporate a Salvadoran company — a legal vehicle with a tax ID and address. This can be done via virtual office services or through legal providers like us. We have standard corporate structures — similar to LLCs — and you can incorporate fully online under a simplified shareholding model (SAS). So everything can be done remotely.

Legal Representation & Local Compliance Officers

José:
Your legal representative does not have to be Salvadoran. It can be someone from another jurisdiction, and they don’t need to travel. However, you do need someone on the ground to liaise with the regulator.

You have three options:

1. Appoint a Local Director
2. Assign a Power of Attorney to a Local Lawyer or Representative
3. Hire a Compliance Officer to Manage Obligations

The AML framework is mandatory. Every BSP and DASP must appoint:

• 1 Principal Compliance Officer
• 1 Alternate Officer

They don’t need to be Salvadoran either — but they must be certified under international AML standards (like GAFI or FATF). The certification must be less than 2 years old. If your AML certificate is from 5 years ago — it won’t be accepted. This is non-negotiable.

What El Salvador Will NOT Allow

José:
El Salvador does not welcome anonymous or non-compliant actors. If your project doesn’t want to do KYC, this is not the right country for you.

KYC and AML obligations are strict — and aligned with international standards. The Financial Investigation Unit monitors these requirements carefully.

Niko:
And from our side at AMLBot — I can confirm, we see that most companies now actually want to do KYC properly. They understand the risks of non-compliance and want to stay on the right side of the law.

Summary: Is It Flexible?

Niko:
So just to summarize: you need a registered company, a legal rep, and compliance officers. You don’t need a full office or local staff. That sounds pretty flexible.

José:
Exactly. That’s the beauty of this structure — it was built for remote-first, digital-native businesses. But you still need serious compliance readiness.

Is the 0% Tax Real?

Niko:
Let’s move to the next slide — which, honestly, looks too good to be true. It shows zero corporate tax, zero VAT, zero dividend tax, and zero municipal tax. Is this real? Are these benefits really available to crypto businesses?

José:
Yes — it’s real. But let me explain the full picture.

These benefits apply only under the Digital Asset Law, and they are part of a government strategy to position El Salvador as a hub for digital capital markets. It’s not a blanket tax haven — El Salvador is not like BVI or Cayman.

👉 This does NOT apply to Bitcoin businesses (BSPs). Bitcoin is considered a currency, so it’s taxed like regular money. If you’re a wallet, custodian, or exchange dealing only with BTC — you pay taxes like any other financial service. But if you operate under the DASP license, you’re eligible for full tax exemptions.

What’s Included in the Tax Exemption?

José: Under the DASP law, the following are set to 0%:

– Corporate Income Tax
– Shareholder Dividend Tax
– Withholding Tax (When Moving Funds Abroad)
– Municipal Tax (If You Have a Physical Office)
– Import Duties (for Equipment Like Servers, Computers)
– Capital Gains Tax (for Digital Asset Investors)

This structure is very broad — it benefits not only the company, but also the shareholders and the investors who purchase digital assets issued under Salvadoran law.

Niko:
So, for example, if an investor buys a token issued under DASP, holds it for 10 years, and sells it for profit — they pay no capital gains tax?

José:
Correct — 0% capital gains on those assets.

Is There a Time Limit?

Niko:
And are these benefits permanent? Or is there a 5-year limit, like we’ve seen in other jurisdictions?

José:
Excellent question. Right now, the benefits are tied directly to the license. That means:

• As long as your DASP license is active and renewed annually, you keep the tax benefits.
• If the government decides to change the policy later, they can.
• But the current tax rulings are clear and confirmed in writing by the Treasury Department.

So yes, things can change if future administrations shift policy — but for now, it’s very solid. And if your license lapses or you don’t renew, you lose those benefits.

Caution: It’s Real — But Not Forever

José:
Like with most government incentives — this isn’t guaranteed forever. It’s an opportunity. Those who act now benefit. Those who wait 5 years might find the environment has changed.

Niko:
Right — so it’s a unique window. Not forever, but a serious incentive for businesses who want to move fast.

Why Are So Many Registered Companies Inactive?

Niko:
I recently read a report by El Mundo saying that nearly 90% of companies that received a Bitcoin license in El Salvador are not operational. Why are so many getting licensed but not launching? Is it the same with DASP?

José:
Great question. And it goes back to the history of the Bitcoin Law.

So first, let’s clarify: the Bitcoin “license” is actually a registry, not a full license. When you apply, you’re added to the public registry of Bitcoin Service Providers (BSPs), maintained by the Central Bank. But real regulatory supervision only starts after registration. That’s when the Superintendency (SSF) reaches out with:

• A meeting request
• Documentation Requirements
• Ongoing Compliance Expectations

And that’s where most companies bail out.

What Happens After Registration?

José:
Once you’re registered, the real work begins. The regulator will ask for:

• Your Technology Stack
• Your Cybersecurity Policies
• A Full AML Program
• Appointed Compliance Officers
• Reporting to the Financial Investigation Unit (FIU)

So around 70% of DASP-level requirements also apply to Bitcoin registrants. Many of those early registrants didn’t realize they were essentially becoming financial institutions. Once they saw the compliance burden — they just abandoned the entity.

Same Problem with DASP?

Niko:
Is the same thing happening under the Digital Asset Law? Are companies applying for DASP and not following through?

José:
Less so — and here’s why:

• DASP is a proper license, not just a registry.
• From day one, you have to submit full documentation and go through a formal review.
• You won’t get approved unless you’re really ready — with AML, cybersecurity, tech stack, etc.

So there’s less room for misunderstanding. With BSP, many jumped in too quickly in 2021–2022, thinking it was just a formality. But as soon as the regulator reached out, and they saw the real obligations, they disappeared. Today, out of 170+ BSP entities, only about 20–25 are active. And most of those also have DASP licenses.

Strategic Advice: Apply for Both

José:
If your business includes Bitcoin and other crypto assets, the smartest thing is to apply for both licenses at the same time.

That way:

• You avoid duplicated effort
• You build one AML and tech framework
• You streamline approvals

Doing them separately adds delays and cost.

How Does El Salvador Compare to MiCA?

Niko:
Let’s talk strategy. MiCA has come into force in the EU, and many VASPs (Virtual Asset Service Providers) are starting to panic. The compliance burden is heavy, especially for small teams.

You’ve worked with international clients — how would you compare MiCA vs. DASP in El Salvador? Are the requirements just as strict?

José:
Fantastic question — and yes, we’ve taken the time to really compare. Let’s look at it this way: If your company is based in Europe and your main market is Europe, then MiCA is unavoidable. But if you want to serve global markets — Latin America, Asia, Middle East, etc. — then El Salvador becomes a strategic option.

DASP is Built to Enable — Not Restrict

José:
The core difference is in the mindset behind the frameworks:

• MiCA was designed by bankers and traditional regulators.
• DASP was designed from the ground up to enable innovation in the digital asset space.

El Salvador’s approach is about building a structure that helps businesses grow — not one that puts up walls. And while the DASP law includes many of the same best practices (AML, cybersecurity, compliance, etc.), the way it's enforced is more practical, more transparent, and less bureaucratic.

Does El Salvador Meet Global Standards?

José:
Yes. A lot of what MiCA requires, DASP requires too. You’ll need:

• An AML Program
• A Compliance Officer
• Documentation
• Transparent Beneficial Ownership
• Sound Tech and Data Protection Policies

But in El Salvador, the regulator works with you, not against you. They want this industry to succeed — and that makes a big difference.

A Warning: Not All Service Providers Know What They’re Doing

José:
That said — a word of caution.

Because this space is growing fast, we’ve seen a lot of consultants offering license help who have:

• Never Held a Crypto Wallet
• Never Launched a Product
• Don’t Know the Regulator

So companies end up wasting months of time and tens of thousands of dollars, because their paperwork was bad or their tech didn’t match their policies.

3-Step Process for a DASP License

José:
We always recommend a three-step approach:

1. Assessment
   Are you ready — legally, technically, financially, operationally?
2. Preparation
   Build and align your tech, compliance, and internal processes
3. Submission
   Only once you’re ready, submit your application to SENAD

If you try to shortcut it — and just throw together some policies with ChatGPT — the regulator will notice. They read everything carefully and compare it to your actual infrastructure.

Niko:
So in short — El Salvador is friendlier and faster, but not a shortcut. You still need to be serious and do things properly.
[Do Licensed Crypto Companies Get Bank Accounts in El Salvador?]

Niko:
Let’s talk about banking. It’s a problem almost everywhere. Even licensed crypto companies struggle to open bank accounts.

Once a company gets a BSP or DASP license in El Salvador, will local banks actually open an account for them? Or are they still reluctant?

José:
In very simple terms — for the first three years after the Bitcoin Law, most Salvadoran banks said: “No.”

Only a few companies got accounts — and they had either:

• Strong International Reputations
• Or Direct Government sSupport

But now — after four years and with regulations in place, things are starting to change. One bank is now licensed as a DASP itself — and other banks have applied for licenses. That’s a big shift in attitude.

What Services Do Banks Offer to Crypto Firms?

José:
Today, if you’re licensed as a BSP or DASP:

• Banks will open accounts for local USD transactions
• But they may restrict business activity until they review your operation in detail

If you want to exchange ETH or USDT to fiat — you’ll need to provide full documentation, risk controls, AML framework, etc.

Do You Even Need a Salvadoran Bank Account?

José:
Honestly — if your market is not in El Salvador, you don’t need a local bank account. Unless:

• You’re paying local staff
• You’re working with local partners
• You want to hold fiat for local operations

Then yes — a Salvadoran account helps. But otherwise, many of our clients use foreign banks for fiat handling.

Where Do Most Crypto Firms Actually Bank?

Niko:
So where do your clients go if not El Salvador? What are the most common banking alternatives?

José:
Here’s the playbook we often recommend:

1. Panama — a couple of crypto-friendly banks (not many, but reliable)
2. BVI — not for licensing, but for banking
3. Switzerland / UAE — higher barriers, but great for compliance-aligned firms
4. Singapore — for Asia-focused players
5. USA — we’ve even had a few Salvadoran entities get U.S. bank accounts (though it took a year)

It’s all case-by-case. But the Salvadoran license is respected enough that some banks in those jurisdictions will work with you — if your KYC, tech, and team are all solid.

Is the Salvadoran License Respected Abroad?

Niko:
When banks abroad see an El Salvador crypto license — do they respect it? Or do they treat it like Estonia, where people got licenses but no banks trusted them?

José:
It’s not black and white. But here’s what we’ve seen:

• Panama — YES, if you’re fully licensed and present proper docs
• US — Yes, but rare and slow (up to a year)
• UAE/Singapore — Possible, especially for well-prepared entities
• Swiss private banks — Also case-by-case

There’s growing regulatory collaboration too. SENAD has been meeting with other regulators — including from the US and UAE — and that helps build trust.

Can Salvadoran-Licensed Companies Serve Global Clients?

Niko:
Let’s address a legal gray area that often comes up: jurisdiction. In the EU under MiCA, there’s something called reverse solicitation — meaning a client can approach a foreign service provider, and that provider doesn’t need an EU license to serve them. Does something similar apply to companies licensed in El Salvador? Can they offer services to clients outside the country?

José:
Yes — and this is an excellent point.

We actually requested a formal opinion from the regulator — SENAD — on this. And here’s what they confirmed:

The Digital Asset Law Follows the Territorial Principle.

That Means:
✅ the Law Applies Only to Domiciled Entities in El Salvador
✅ It’s Enforceable Only Inside the Country
❌ It Does Not Prohibit Offering Services Abroad

So You Can Serve Global Markets — With Caution

José:
You can absolutely use your Salvadoran license to serve global markets. But there are a few conditions:

1. You cannot offer services in countries where crypto is outright banned
2. You must avoid sanctioned jurisdictions — and implement things like geo-fencing
3. If you’re offering services into regions with their own regulations (like MiCA or the U.S.), you need:
   • Strong Consumer Protection Policies
   • Transparent Promotional Disclosures
   • Full KYC and Transaction Monitoring

So technically — yes, you can serve clients from Europe, the U.S., LATAM, etc. But you’re responsible for not violating those countries’ laws. El Salvador won’t stop you — but it won’t protect you either if you violate foreign rules.

Do You Need Multiple Licenses Globally?

José:
This is why many global crypto companies use a multi-jurisdictional structure:

• One entity in El Salvador
• One in the EU
• One in the U.S.
• One offshore (e.g., BVI or Panama)

That way, you have regional flexibility and can move money or services in a compliant way. We work with companies that have 4–6 licenses and multiple Special Purpose Vehicles (SPVs) — each optimized for specific markets.

Public Registries & Transparency

Niko:
Just to clarify for the audience: both Bitcoin Service Providers and DASP entities are listed in public registries, right?

José:
Yes — both registries are fully public and searchable.

Quick Follow-up Q&A from the Chat

Audience Question:
1. Does DASP Treat Servicing El Salvadorian Citizens as Higher Risk?

José:
Yes, the regulator considers servicing Salvadoran residents a bit higher risk. They scrutinize these cases more. So many applicants choose not to serve local users at all — and the regulator is fine with that.

Audience question:
Can a company from another LATAM country get a Salvadoran license?

José:
Yes — as long as they domicile a local entity in El Salvador.

Audience question:
How long does it take to get a license?

José:

• Bitcoin Registry (BSP): ~1 month
• DASP License: 3–4 months average
  • If you’re not ready (tech or docs), it could take up to 6 months
  • Fastest case we ever had: 1 month (but that was during the early phase — no longer realistic)

Final Thoughts & Wrap-Up

Niko:
That wraps up the core part of our discussion. José, thank you so much — this has been incredibly valuable. The insights about licensing, compliance, operations, and global strategy were eye-opening, even for me as someone working in the regulatory space.

I personally found this webinar full of practical takeaways — especially around:

• The Dual Framework (Bitcoin Law vs. Digital Asset Law)
• The Real Meaning of “0% tax”
• The Importance of Being Truly Compliant
• The Reality of Banking Options and Global Credibility
• And the Strategic Use of El Salvador For Global Market Access

I hope our audience agrees — if you have follow-up questions, please feel free to send them to us after the session.

[Final Thank You & Goodbye]

Niko:
Thanks again to everyone who joined — and a special thanks to you, José, for your time and transparency.