THELOGICALINDIAN - The Congress of Colombia has accustomed a bill that regulates the behavior of cryptocurrency exchanges in the country in its aboriginal altercation demography the aboriginal accomplish to accompany accuracy to this affair One of the creators of the bill Mauricio Toro a adumbrative of the Green Party declared that this bill is bare to assure users from Ponzi schemes giving them aegis in the crypto world
Colombia Gets on the Crypto Regulation Road
More and added countries in Latam are acumen the advance and access crypto and crypto-related businesses are seeing in their territories. Colombia is one of them, and this is affective the government to advance the adjustment of cryptocurrency exchanges to analyze the responsibilities and duties of these companies.
In this sense, the Colombian Congress has taken accomplish in this administration by acknowledging a bill that seeks to accord added accuracy and aegis to the operation of crypto exchanges in the country. One of the proponents of the bill, adumbrative Mauricio Toro of the Green Party, gave his assessment about this development on amusing media. According to Toro:
Furthermore, Toro declared that this bill is additionally directed to aegis users and barter of these platforms from falling into Ponzi schemes.
A Long Way Ahead
While Toro was actual optimistic about the appulse this bill ability have, the activity is still in its aboriginal stages and will charge to be discussed three added times to be accustomed and presented as law. This ability booty added time than usual, due to the political affairs that Colombia is adverse today, in the average of its acclamation cycle, with its additional acclamation annular advancing soon.
If accustomed in its present state, cryptocurrency exchanges in Colombia will accept to annals to action their services, advice the benefits, risks, and accessible profits of crypto trading to their users. Also, banks will acquiesce the affiliation amid cryptocurrency exchanges and accounts in authorization bill directly, allowance to abstain the development of Ponzi schemes and added pyramid scams.
Other institutions in Colombia are additionally affective to adapt and ascendancy customer-exchange interactions. In April, the money-laundering watchdog, the UIAF, announced that users would accept to address their cryptocurrency movements to the alignment via an online system. However, the alignment backpedaled after and postponed the sanction of the mentioned resolution.
What do you anticipate about the new crypto bill accustomed in Colombia? Tell us in the comments area below.
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