Belize Targets Digital Asset Boom with New Compliance Rules

Belize is moving to regulate the fast-evolving world of digital assets, any items that exist in digital form, hold value, and can be owned, transferred, or used electronically. A new bill before the House aims to put guardrails on the fast‑moving world of digital assets. We’re talking strict customer checks, secure record‑keeping, and even sharing information across borders. Prime Minister John Briceño says Belize can’t afford to fall behind as digital currencies and assets go mainstream—the country needs to keep pace with global standards.

 

Prime Minister John Briceño

“The global landscape for digital assets is changing rapidly. I know many of us watches international television and while the U.S. is one of the countries that almost was fully against these kinds of activities and transactions, now President Trump has been trumping these assets and his family has been investing large sums in this. So, it is something that is going to take place and we in Belize have to be prepared. Therefore the FATF has updated its standards including he recommendation requiring jurisdiction to adopt risk-based measures to regulate new technologies and digital assets services. This is what is known are recommendation fifteen.”