E
l Salvador has proposed a regulatory sandbox to the US Securities and Exchange Commission (SEC), aiming to enable US firms to test tokenised real estate projects within the country. This initiative was discussed during a meeting between El Salvador's National Commission on Digital Assets (CNAD) and the SEC's Crypto Task Force.
The proposal seeks to unlock a trillion-dollar asset class by allowing projects like tokenized land shares or SEC-approved crowdfunding for small companies. Building on its history of embracing cryptocurrency, El Salvador has become a hub for Bitcoin enthusiasts with Bitcoin as legal tender and innovative approaches like using volcanic energy for mining.
El Salvador's collaboration with the SEC may solidify its role in the global crypto space. The sandbox marks a key step toward regulation, which could potentially unlock significant economic opportunities.
