2 years ago
The Colombian Financial Superintendence, the securities and fiscal watchdog of the country, is moving connected a papers to modulate the transactions and operations made utilizing cryptocurrency assets successful the country. The enactment announced that it volition contiguous the papers successful the coming weeks, which volition contented norms for the attraction of these assets successful the Colombian fiscal system.
Colombian Financial Superintendence to Issue Crypto Norms
Latam governments are present taking cryptocurrency regularisation arsenic a superior matter, arsenic adoption successful their countries is starting to scope applicable numbers. The Financial Superintendence of Colombia, an enactment that deals with the oversight of the fiscal strategy successful the country, is preparing a acceptable of norms that would use to the usage of crypto successful the country.
The announcement was made by Jorge Castaño, caput of the organization, during an lawsuit successful Barranquilla. The document, that indispensable beryllium reviewed for its sanction, is already successful the hands of the Central Bank of Colombia for its information and feedback.
This is not the archetypal clip that the instauration has dealt with cryptocurrencies. The Financial Superintendence was liable for a pilot trial called “the sandbox,” which allowed cryptocurrency exchanges to enactment successful tandem with backstage banks successful the country, making it easier for users to acquisition crypto with their fiat funds.
Regulation Coming
While Colombia was not known for being a crypto hotbed not truthful agelong ago, the state has been dilatory leaning into crypto. This has made it absorbing for Latam exchanges similar Ripio and Bitso, which person precocious expanded their operations to the country. Also, Colombia is 1 of the countries successful Latin America ranking precocious successful fig of crypto ATMs, lone 2nd to El Salvador, which has deployed a fig of Chivo ATMs to powerfulness its nationalist wallet infrastructure.
This is wherefore regulators are present progressive successful bringing a cryptocurrency measure to bring bid to the manufacture successful the country. This month, the archetypal measure that seeks to modulate the actions of cryptocurrency exchanges successful the state was passed successful its archetypal discussion, with regulators praising it arsenic a mode of warring scams and Ponzi schemes that are common. The narration of the caller norms and however these volition enactment with that regularisation is inactive not known.
What bash you deliberation astir the caller cryptocurrency norms being prepared by the Colombian Financial Superintendence? Tell america successful the comments conception below.
English (US) 