Colombia Takes First Steps Toward Regulating Cryptocurrency Exchanges

The Congress of Colombia has approved a bill that regulates the behavior of cryptocurrency exchanges in the country in its first discussion, taking the first steps to bring clarity to this issue.

One of the creators of the bill, Mauricio Toro, a representative of the Green Party, stated that this bill is needed to protect users from Ponzi schemes, giving them security in the crypto world.

More and more countries in Latam are realizing the growth and influence crypto and crypto-related businesses are seeing in their territories.

Colombia is one of them, and this is moving the government to accelerate the regulation of cryptocurrency exchanges to clarify the responsibilities and duties of these companies.

In this sense, the Colombian Congress has taken steps in this direction by approving a bill that seeks to give more clarity and security to the operation of crypto exchanges in the country.

One of the proponents of the bill, representative Mauricio Toro of the Green Party, gave his opinion about this development on social media. According to Toro:

Colombia has to move forward in regulating this business, which is legal and multi-million dollar,

so that jobs and opportunities are created, but also so that it provides peace of mind to Colombians who can buy their assets safely.