{
 "jurisdiction_id": "LATAM",
 "jurisdiction": "Latin America",
 "url": "https://cryptoassets.gi/jurisdictions/latin-america/",
 "generator": "render_jid v13.3.0",
 "date_modified": "2026-08-17",
 "schema_version": "crypto-v2.0.0",
 "counts": {
  "modules": 8,
  "sourced_findings": 10,
  "source_register": 4
 },
 "modules": [
  {
   "code": "crypto_licensing",
   "name": "Crypto Licensing",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/latin-america/#crypto-licensing-crypto-licensing",
   "standing_position": "GAFILAT does not itself license or register virtual asset service providers (PSAV); it is a regional AML/CFT coordination body that issues guidance urging member states to implement FATF Recommendation 15. Adoption of licensing/registration regimes across the 18 GAFILAT member states remains highly uneven, with only a handful of countries reporting concrete measures at the time of the 2025 sectoral risk assessment.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "token_classification",
   "name": "Token Classification",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/latin-america/#token-classification-token-classification",
   "standing_position": "GAFILAT applies the FATF-derived, undifferentiated 'Activos Virtuales' (virtual assets) category regionally for AML/CFT purposes; there is no GAFILAT-wide taxonomy distinguishing security tokens, utility tokens, stablecoins, e-money tokens or NFTs. Any such classification is delegated entirely to national regimes (e.g., Brazil, Mexico, El Salvador), which must be researched at the member-state JID level.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "on_chain_activity_regime",
   "name": "On-Chain Activity Regime",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/latin-america/#on-chain-activity-regime-on-chain-activity-regime",
   "standing_position": "Neither GAFILAT nor CEMLA publishes a regional framework specifically addressing staking, DeFi lending, DEX operation, mining, node operation, validator activity, or tokenization. Coverage of these categories at the LATAM regional level is a genuine gap; any obligations exist only at the national JID level (e.g., Brazil, El Salvador, Mexico).",
   "findings": []
  },
  {
   "code": "stablecoin_regime",
   "name": "Stablecoin Regime",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/latin-america/#stablecoin-regime-stablecoin-regime",
   "standing_position": "CEMLA's stablecoin research finds low but growing stablecoin adoption across the Latin America and Caribbean region, and reports that most participating jurisdictions currently lack a specific legal framework or supervisory guidance for stablecoins. No GAFILAT or CEMLA instrument establishes regional issuance authorisation, reserve, or redemption-right requirements; this is advisory/academic research, not a binding regime.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "consumer_protection",
   "name": "Consumer Protection",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/latin-america/#consumer-protection-consumer-protection",
   "standing_position": "GAFILAT's regional risk assessment does not create binding consumer-protection rules, but its threat and vulnerability analysis flags fraud and investment scams, and cyberattacks/ransomware demanding payment in virtual assets, as very high-risk phenomena affecting users in the region, and calls for strengthened mitigation measures by both PSAV and financial institutions.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "tax_treatment",
   "name": "Tax Treatment",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/latin-america/#tax-treatment-tax-treatment",
   "standing_position": "GAFILAT does not set tax policy; no regional capital gains, income tax, VAT/GST or withholding regime exists for virtual assets at this level. The 2025 sectoral risk assessment does, however, flag tax-evasion risk associated with taxpayers accepting virtual-asset payments to obscure the territorial origin of income.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "cross_border_transfer",
   "name": "Cross-Border Transfer",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/latin-america/#cross-border-transfer-cross-border-transfer",
   "standing_position": "GAFILAT's August 2023 regulatory guide addresses cross-border virtual-asset transfers through implementation guidance on the FATF travel rule and the associated 'sunrise issue' (uneven cross-border implementation timing) for member states adopting FATF Recommendation 16 for virtual asset service providers. This is implementation guidance, not a directly binding regional statute; national travel-rule adoption varies.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "aml_cft_regime",
   "name": "AML/CFT Regime",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/latin-america/#aml-cft-regime-aml-cft-regime",
   "standing_position": "Crypto AML/CFT content is out of scope for this baseline: the crypto consumer subscribes to the FIM aml_ctf module, which is GAFILAT's core mandate (regional ML/TF risk assessment of virtual assets and VASPs across its 18 member states, guidance on investigation/seizure of virtual assets, and the August 2023 regulatory guide). Substantive AML/CFT findings are captured there, not duplicated in this crypto DR baseline.",
   "findings": []
  }
 ]
}