Technical Assistance Report-Regulation and Supervision of Crypto Assets
Lao People’s Democratic Republic: Technical Assistance Report-Regulation and Supervision of Crypto Assets
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Summary:
As part of national efforts to transform into a digital economy and pursue growth, Lao People’s Democratic Republic (Lao P.D.R.) has recently enacted legislation to pilot the licensing of mining and crypto trading activities. The country has a surplus of electricity generated by hydro power, which the government hopes can generate more income in foreign currencies. A recent Ministerial Decision has entrusted the BoL with the licensing and supervision of crypto trading firms, while the Ministry for Technology and Communications (MTC) is in charge of licensing crypto mining firms and supervising both mining and trading firms from a technological perspective.
Series:
Country Report No. 2023/319
Subject:
International organization
Monetary policy
Frequency:
regular
English
Publication Date:
August 31, 2023
ISBN/ISSN:
9798400254024/1934-7685
Stock No:
1LAOEA2023002
Format:
Paper
Pages:
23
