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The Peruvian Congress has been presented with a bill that seeks to establish a legal framework for the cryptocurrency market. The plenary legislation will now be debated in order to approve it. The document, which can be found on the Peruvian legislature's official website, addresses a number of key aspects of the country's expanding ecology. The bill's objective, as per the legislator, is to regulate businesses providing cryptocurrency services.
This is quite impressive and encouraging. I hope it passes into law. Share your opinion.

 

[Wisdom01]

I have seen many countries including Paraguay creating. bills on legalising Bitcoin , but the main thing there is putting it into effect and implementing the law officially , because it seems some countries are still not just ready and prepared to accept Bitcoin legally with look of things

 

[Balint098]

More countries that take effort to regulate crypto is always welcome. More regulations, hopefully the fair one, mean less doubt, uncertainty and fear from the investor's part. That means potentially more investors will join in from Peru soon enough. I doubt there are many people who use crypto there through.

 

[a_jerobon]

I really hope that this bill passes into law for sure. It is so awesome when countries adopt and regulate cryptocurrencies this way. It shows that they have a great future for sure. Given the investment options that cryptocurrencies give, it becomes very beneficial for citizens to use them. Many people are able to earn a living by investing in them. More countries should adopt cryptocurrencies for its and the citizen's benefits.

 

[Ben Kempton]

I have seen many countries including Paraguay creating. bills on legalising Bitcoin , but the main thing there is putting it into effect and implementing the law officially , because it seems some countries are still not just ready and prepared to accept Bitcoin legally with look of things

I was thinking that there are certainly there are so many countries that have tried to regulate cryptocurrencies, but it seems like they have not been able to control these assets in any way. The truth is that it is much harder to regulate these currencies due to the fact that they are decentralised. They are not controlled by any single organisation and many international organisations also admit that controlling these coins is much harder.

 

[ElPaule]

What's the goal of this legislation? If they make it legal for trade? For taxes or legal tender? There are many different shades of legislation efforts. And not all approaches are supporting the accent of crypto currencies since they actually build a barrier to normal people to invest. I hope in this case it generates a momentum where people become positive towards crypto.

 

[Wisdom01]

I was thinking that there are certainly there are so many countries that have tried to regulate cryptocurrencies, but it seems like they have not been able to control these assets in any way. The truth is that it is much harder to regulate these currencies due to the fact that they are decentralised. They are not controlled by any single organisation and many international organisations also admit that controlling these coins is much harder.

cryptocurrency is decentralized ,its actually impossible for it to be controlled by just one Single organization , where the activities of it is been run by various people ,so it's hard to see it been controlled by only one authority ,that's the nature of crypto currency and how it actually works too

 

[Ben Kempton]

cryptocurrency is decentralized ,its actually impossible for it to be controlled by just one Single organization , where the activities of it is been run by various people ,so it's hard to see it been controlled by only one authority ,that's the nature of crypto currency and how it actually works too

I am sure that governments could try their best to control cryptocurrencies, but they have failed. It does not mean that cryptocurrencies cannot be traced. The governments would have banned cryptocurrencies if they had control over it just like they banned many payment processors in the past. i am sure you might have heard about Liberty Reserve, E-Gold, and Payza. They were all centralised payment processors that ceased to exist.

 

[BullyMaguire]

I think they are going toward the adoption route. If they come up with a good plan to regulate and benefit from crypto currency. I see they are also going to install some bitcoin ATMs around the country just like what el Salvador did in early. It's good that more countries are getting interested into Crypto and started to take it seriously.