Costa Rica Assembly Considers Bill on Taxation of Digital Currencies

The Costa Rican Legislative Assembly Oct. 24 accepted for consideration Bill No. 23415, on the taxation of digital currencies. The bill includes measures to: 1) regulate the uses and taxation of mining, marketing, intermediation, exchange, transfer, holding, custody, and administration of digital currencies; 2) define different types of digital currencies and their uses; 3) establish the ownership and liability rules of digital currencies; 4) allow the Costa Rican government to accept digital currencies for the payment of taxes, fees, and any other type of obligation of private individuals, legal entities, or other public entities; 5) authorize a financial system to ...