Last Tuesday, November 29, in Colombia, All the members of the Plenary of the House of Representatives agreed and approved to hold a second debate on Bill #139 that proposes the regulation of exchanges at the national level, Same project that was presented in 2021.
“We are giving the crypto asset exchange platforms the opportunity to have a regulatory framework, this will ultimately benefit users who today do not know if they are investing in a pyramid or in a serious company,” said Julián Lopez, representative to the Chamber for Valle del Cauca, as announced by the Congress of the Republic of Colombia on its website.
This representative presented certain rules to consider at the time of the debate, among which stand out “recognize crypto asset exchange platforms, establish surveillance and control over them and protect users who carry out transactions with crypto assets in the country”.
With this bill, López affirmed that it seeks to prevent the use of these platforms from being for illegal acts such as, in this case, money laundering, with the enhancement of computer security to deal with the different types of scams.
To know the legal status of the exchanges, investors and users will be able to access the Single Registry of Cryptoactive Platforms in Colombia (RUPIC) in which they will have to submit and meet certain requirements as well as comply with the regulations in order to operate effectively.
The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
It may interest you:
- Binance appoints a payment method expert as General Manager for Colombia, Central America and the Caribbean
- Bitcoin balance on exchanges are falling sharply according to Bitfinex
- Binance Acquires Japan-Regulated Crypto Exchange
- Price Analysis 11/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX
- DTC? Try BTC, Brian Kelly tells CNBC viewers in a mainstream Bitcoin space
- Iran Plans to Allow Crypto Mining, Says Iran’s Central Bank Governor
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the entire amount invested may be lost. The services or products offered are not directed or accessible to investors in Spain.