Peru advances in a project to regulate cryptocurrencies

Peru advances in a project to regulate cryptocurrencies

In relation to the acquisition of crypto assets, the project states that: “The acquisition and use of crypto assets and cryptocurrencies are the absolute responsibility of their buyers and owners who, based on free market and free competition principles, must seek to inform themselves of the risks inherent in trading with assets of any kind.”

In any case, the project establishes for now, in a categorical way, the possibility that Bitcoin becomes legal tender: “Cryptoassets are not considered legal tender”, while the creation of the Single Registry of Platforms of Cryptoactive and Cryptocurrency Exchange (RUPIC), in order to register cryptocurrency exchanges that “provide the established services.”

“Peru is one of the countries with the highest growth in digital payments, in the use of technology to carry out commercial transactions, in addition to being known that in our country cryptocurrencies are being used as a means of payment. Therefore, the norm does not collide with any other similar norm, on the contrary, it would benefit by providing greater security when carrying out transactions with cryptocurrencies that to date have been carried out in an irregular and insecure manner ”, states the letter.

In addition, the obligation to report “suspicious transactions” to the Financial Intelligence Unit to avoid money laundering is emphasized. Finally, the proposal that is expected to be debated in Congress in the first months of the year, highlights cryptocurrencies as a contribution option to set up Public Limited Companies (SA) in addition to an accounting treatment of those assets.

Source From: Ambito

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