THELOGICALINDIAN - The UIAF which is the Colombian money bed-making babysitter has adjourned the date on which exchanges and individuals charge alpha advertisement their affairs to the alignment The academy will now accessible a consulting aeon in which companies and individuals can present their thoughts apropos the proposed adjustment which ability be adapted afore its appliance on June 1st
Colombian Watchdog Delays Report Resolution for Transactions
The UIAF, the alignment that controls and detects money-laundering and terrorism-financing activities in Colombia, has delayed a resolution that accustomed the obligation for exchanges and individuals to address some cryptocurrency transactions. The Colombian assemblage will alpha accepting these letters on June 1, instead of back it was accustomed before, on April 1.
The exact affidavit abaft the adjournment were not defined in the document, but the new resolution that establishes the cessation states:
The new resolution additionally states that organizations that accept already beatific in their letters can still accelerate them in a autonomous way, but that no penalties will be acquired for not sending them afore June 1st. This will accord added time to acclimate to the aphorism that was accustomed in December 2024 with resolution 314, while the alignment receives annotation from altered groups on the issue.
Objective and Criticism
The UIAF considered the charge of administering cryptocurrency affairs in Resolution 314, that accustomed capacity charge address distinct affairs whose amount goes over $150, or groups of affairs whose amount goes over $450. For the purpose of this, the Colombian alignment declared that:
However, this resolution has faced abundant criticism from several crypto-related personalities in the country, who argue the huge aggregate of abstracts that will accept to be delivered to the institution. Among these is Alejandro Beltran, Buda.com country administrator for Colombia, who stated:
What do you anticipate about the adjournment in the appliance of the crypto transaction advertisement resolution in Colombia? Tell us in the comments area below.
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