Jorge Dengo told Coindesk that according to his sources, the government of the Latin American country is closely monitoring international practices and what is happening in the digital finance industry. However, all discussions regarding the future regulation of the national cryptoasset market are at an early stage.
“The central point is the constitution and civil code of Costa Rica. Both documents state that in relation to private individuals, any activity that is not expressly prohibited by law is permitted. In other words, a Costa Rican can trade and own cryptocurrencies or provide crypto services, simply based on the fact that there are no laws prohibiting it,” the politician said.
Dengo added that Costa Rica takes Ranked 90th out of 151 countries based on global cryptocurrency adoption. However, local entrepreneurs, coffee shops, car washes, hotels, health centers, restaurants, travel agencies, as well as kindergartens and transport companies are already actively using this technology.
According to the former deputy, the government’s neutral position will remain until the spring of 2026, when elections to the Costa Rican legislature will be held, since digital asset holders represent a very narrow segment of the country’s five million population and there is no political gain in this.
Earlier, the Binance exchange research department published the results of a survey in which more than 10,000 digital asset holders from Argentina, Brazil, Colombia and Mexico took part. 50.3% of respondents said they prefer to use cryptocurrencies as a tool for long-term savings, and 18.8% of respondents reported that they trade crypto assets daily.
Source: Bits
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