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June 18, 2022
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They prepare regulations for cryptocurrencies in the country

Bitso cryptocurrency platform arrives in the country: this is how it works

In the coming days, the Financial Superintendence will publish for comments the draft of a rule on the tcryptoactive transactions.

This was announced in recent days by the Financial Superintendent, Jorge Castaño. The project would contain rules of the game for negotiations with cryptocurrencies but not formal approval in the country.

(Read: Millionaire lawsuit against Elon Musk for promoting a cryptocurrency).

This draft is one of the advances that the Superfinanciera has made regarding regulation in the country, after last year it launched a pilot in the Arenera with several supervised entities and exchange platforms to analyze operations.

The draft regulation would be studied by the Banco de la República for its consideration.

In addition, in recent days an initiative that seeks the regulation of cryptocurrencies also passed to plenary sessions of the House of Representatives.

Castaño explained that in Colombia the public policy of approximation to blockchain and crypto assets has focused on identify, test and learn.

The Superfinanciera has warned that buyers or sellers of crypto assets are exposed to operational risks such as digital wallets being stolen or hacked, transactional platforms may be in multiple jurisdictions, so surveillance and control are beyond the scope of the law in Colombia. .

(Also: Bill Gates says that cryptocurrencies and NFTs are of little use.)

BRIEFCASE

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