Andorra Gives Green Light to Bitcoin and Blockchain With Digital Assets Act

07/16 23:48

According to The Bharat Express News, Andorra recently passed the Digital Assets Act, a regulatory framework for digital currencies and blockchain technology. The act is split into two parts. The first involves the creation of digital money, or ‘programmable digital sovereign money’, which can be exchanged in a closed system. In fact, this would allow the Andorran to create its own token. The second half of the law refers to digital assets as financial instruments and aims to create an environment in which blockchain and distributed ledger technologies can be regulated. Cryptocurrencies and digital currencies are not legal tender in Andorra and the Digital Assets Act makes no proposals regarding mediums of exchange.
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