Digital assets and blockchain
With the aim of creating the optimal conditions for Andorra to become a particularly suitable location for innovative companies, especially those linked to blockchain technology, on 30 June the General Council approved Law 24/2022 on the digital representation of assets through the use of cryptography and distributed open registry and blockchain technology.
This law offers a balance between innovation, the market, society’s preferences, technological development and the current legal framework, ensuring strict compliance with the basic pillars of the rules governing the functioning of the capital market in terms of the protection of personal data, electronic procurement, investor protection, market abuse, legislation on the prevention and fight against money laundering and the financing of terrorism, among others.