Cryptocurrencies Statute (2017/6D)
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| Cryptocurrencies Act 2017 | |
|---|---|
 | |
| National Assembly | |
| An Act of the National Assembly to provide for the regulation of the use of cryptocurrencies and such mediums of exchange within the Federal Republic of Carloso | |
| Enacted by | 43rd National Assembly |
| Signed by | Cárlos Tobón |
| Date commenced | 18 June 2017 |
| Date repealed | 2024 |
| Introduced by | Robert Casey-Harel |
| Cryptocurrency Act 2024 | |
| Keywords | |
| Cryptocurrency | |
| Status: Repealed | |
The Cryptocurrencies Act 2017 was an Act of the National Assembly of Carloso which regulated the use of cryptocurrencies in Carloso. It implemented an effective total ban on their use, giving the power of approval to the National Bank of Carloso, and only at the direction of the President of the Executive Council.
On 21 May 2021, Amrita became the first cryptocurrency to be approved for use in Carloso following the implementation of the Statute.
The Act was ultimately repealed in 2024, after the Bank of Carloso had sold off its remaining stock of Amrita, removing the mechanism allowing the President of the Executive Council to authorise the use of a cryptocurrency, effectively making it completely illegal in Carloso once more.