The blockchain jurisdiction in the Republic was born - the decree was ratified
"Blockchain Technology Standards for Companies" Decree ratified on June 6, 2019. The major strengths of the legislation of the Republic of San Marino are on the one hand the Delegated Decree which becomes a fundamental tool to allow a prompt adaptation hand in hand with the advances in technology, on the other the regulatory functions of San Marino Innovation in order to create the "sandbox model", the characteristic of which is to have a well-defined and solid perimeter with unalterable borders, within which operators can move smoothly, but not in the total absence of rules. In addition to recognizing blockchain technology with a clear and simple definition, the Decree regulates the issue of two categories of digital instruments (tokens): usage tokens and investment tokens.