Two regulators in Colombia have proposed a bill aimed at regulating the cryptocurrency industry in the country. The bill includes provisions such as a licensing system for virtual asset service providers (VASPs) and covers topics such as monitoring, marketing rules, education, crypto tax, and anti-money laundering measures. The goal is to establish a legal framework that protects crypto users and encourages investment in the industry. The bill was proposed to Congress after a failed attempt last year, with the lawmakers stressing the need for regulation to prevent uncertainty and risks for users. The Colombian Financial Superintendent has been working on crypto pilot projects but has yet to establish a concrete regulatory framework.



Other News from Today