El Salvador Clarifies ID Rules for Purchases Under $25,000

The post El Salvador Clarifies ID Rules for Purchases Under $25,000 appeared first on Coinpedia Fintech News

In El Salvador, the Ministry of Finance has addressed recent reports of shops demanding identification for purchases under $25,000. According to a notice, customers are not required to provide ID or email for transactions below this amount. The Ministry emphasizes that the new electronic invoicing rules do not mandate customer identification for such sales. Customers facing issues should present the notice to shopkeepers or contact the Ministry with details of the incident. The Bitcoin Office shared these updates, urging compliance with legal requirements and proper handling of transactions.