Peruvian regulators begin developing cryptocurrency regulation

Peru regulators began to study the activities of cryptocurrency firms and trading floors in order to develop clear regulatory requirements, Digital currencies controlling the industry in the country.

Head of the Peruvian financial intelligence unit (IIF) Sergio Espinosa (Sergio Espinosa) stated, that the regulation of digital assets in Peru is one of the priority tasks of the country, Despite the pandemic and economic crisis. Regulatory authorities actively conduct research and study, What volume of virtual assets circulates the country, and what are the volume of bitcoin trade and other cryptocurrencies. So, Against the backdrop of spring quarantine, BTC popularity throughout Latin America has increased significantly, And the volume of bitcoin in Peru increased by 30%.

Espinosa said, that the blockchain and cryptocurrency industry is still an “unknown territory” for local regulators, Therefore, they called them to carefully study the principles of the operation of digital currencies and trading floors. Espinosa announced the need to develop cryptocurrency regulation as soon as possible as soon as possible, To prevent the use of digital currencies for illegal purposes. Peru regulators began to study the activities of cryptocurrency exchanges back in August, to collect enough information to draw up laws and provisions, Cryptocurrencies controlling the sphere in Peru.

Despite the lack of a clear position in relation to cryptocurrencies, the country's authorities are loyal to the use of blockchain. Last year, they expressed the willingness to apply this technology to create a transparent system of contract purchases, To prevent corruption.