El Salvador is proposing a regulatory sandbox to allow U.S. firms to experiment with tokenized real estate, as discussed in a meeting between the U.S. SEC’s Crypto Task Force and the El Salvador National Commission on Digital Assets (CNAD). This initiative aims to provide a testing ground for U.S. companies interested in tokenized assets, including real estate projects. The SEC has shown openness to this proposal, aligning with the country's efforts to develop a robust digital asset ecosystem while ensuring consumer protection. The CNAD's discussions emphasize a collaborative regulatory framework, highlighting El Salvador's commitment to fostering innovation in the cryptocurrency sector. The sandbox could strengthen U.S.-El Salvador ties and promote regulatory harmonization. El Salvador has made strides in digital finance, already attracting significant players in the blockchain industry. The initiative arrives amid El Salvador's ongoing embrace of Bitcoin as legal tender and its goal to leverage the digital economy for growth.

Source 🔗