The Colombian government has issued new regulations that require exchanges and investors to report cryptocurrency transactions to the UIAF, the anti-money laundering watchdog in Colombia.
Colombiarequiring exchanges and investors to report cryptocurrency transactions over a certain amount new regulations Confirmed. to decision no. 314 by your $150 on you crypto currency transactions or its value your $450 on the Cryptocurrency transactions with multiple tokens in Colombia anti-money laundering watchdog UIAFIt must be reported to .
1 April The new regulation, which will come into effect on to provide more control and these assets possible money laundering and stop its use in terrorist financing activities aims. Regarding the subject in the decision;
Although virtual assets are operations in Colombia that are not illegal in themselves, they create a situation that requires the UIAF to intervene, as they can be used in illegal activities due to their anonymity in the transactions.
statements are included.
Exchanges within the scope of new regulations UIAFwill provide a detailed list of transactions deemed unusual and users affected by these transactions. issuing a suspicious transaction report will have to. The regulations also do not comply with the directives stock markets and persons Penalties were also included. In transactions if money laundering activities are detectedusers who do not follow the rules other fines arising from these offenses with Paying a minimum of 100 to 400 monthly will have to.
the country’s tax regulator DIANRecently trading of cryptocurrencies or process regarding the use of detecting tax evasion for the purpose of measures announced that he had received it.