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Cryptocurrencies Statute (2017/6D)

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Cryptocurrencies Act 2017
Coat of arms of Carloso.png
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 by43rd National Assembly
Signed byCárlos Tobón
Date commenced18 June 2017
Date repealed2024
Introduced byRobert 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Status: Repealed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The Act was ultimately repealed in 2024, after the Bank of Carloso had sold off its remaining stock of Amrita, removing the mechanism allowing the President of the Executive Council to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.