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Interest over time in buying bitcoin | 750 |
Colombia cryptocurrency regulation | Potential players in the sector must also demonstrate that they have the technological and operational conditions for the traceability of transactions with virtual assets, and the ability to provide their clients and the general public with information on their corporate name, available service channels, assets for which they provide their services, the risks inherent to them, and the costs and fees associated with the services. Castro explained that as part of the sandbox the chosen crypto firms are allowed to test their own projects under their own rules, and so the government can gather data for implementing regulations. The proposed regulatory framework aims to foster industry growth and strengthen trust within this dynamic ecosystem. The draft regulation clarifies through which supervised entities and products operations with virtual assets may be carried out, in compliance with the legal provisions in force, while providing clear and timely information to financial consumers, as well as the characteristics of such assets and their inherent risks. By Daniel Guerrero EN. |
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PARAGRAPHIt is estimated that over. Understand the crypto market, reach.