State-owned Banco Nacional is set to launch a spot bitcoin exchange-traded fund (ETF) in Costa Rica, becoming the first time that Costa Ricans will have access to any type of crypto investment product through the country's banking system. The bank, which serves over 2.1 million customers, will also launch an S&P 500 ETF. While Costa Rica does not have formal crypto laws, the constitution and civil code allow private parties to engage in activities not explicitly prohibited by the law. A comprehensive crypto regulation bill is currently stuck at the commission level.



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