Peru has introduced legislation that would regulate Bitcoin and other cryptocurrencies

The Peruvian Congress has received a measure aiming at establishing a legal framework for the bitcoin market, which will now be debated in plenary session before being approved. The paper, which can be seen on the Peruvian legislature’s official website. Of course, covers a variety of crucial aspects of the country’s expanding ecosystem. Furthermore, Podemos

The Peruvian Congress has received a measure aiming at establishing a legal framework for the bitcoin market, which will now be debated in plenary session before being approved.

The paper, which can be seen on the Peruvian legislature’s official website. Of course, covers a variety of crucial aspects of the country’s expanding ecosystem.

Furthermore, Podemos Peru parliamentarian José Elas Valos introduced the project. That’s, which is officially referring to as the “Framework Law for the Commercialization of Cryptoassets.”

The bill’s goal, according to the politician, is to regulate businesses that provide cryptocurrency services. That’s, such as Bitcoin exchanges and digital wallets.

In recent years, Peru has experienced a significant increase in Bitcoin acceptance. In a year, the use of cryptocurrencies in that country has surged by more than 600%.

So, According to data from the Peruvian daily La Repblica. Of course, the volume of bitcoin transactions in Peru climbs by 613 percent in the first half of 2021. Especially, when in comparison with the same period in 2020.

That’s why it’s crucial to note that the new bill, which was introduced on December 20. Then, is expected to be approved, states that the purchase and use of cryptocurrencies

“are the sole responsibility of their buyers and owners.”

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