Juan Carlos Reyes, president of the CNAD, highlighted the need for crypto regulators to fully understand the underlying technology before crafting regulatory frameworks, emphasizing that insightful regulation requires technical comprehension.
Looking at the big picture, most people won't understand what we're doing in El Salvador, they only see glimpses," Reyes stated, underlining that the nation's innovations in crypto regulation are often misunderstood or underappreciated globally.
President Nayib Bukele's initiative has led to rapid advancements in how the nation's agencies interact with digital currency, forcing them to confront the implications and complexities of this revolutionary technology.
Victor Solomon stressed that Reyes already grasps the intricacies of tokenization and compliance, allowing for efficient collaboration with businesses that are crucial for the Salvadoran economy's growth.
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