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Published on July 29, 2023 03:47 GMT+00:00edited on July 29, 2023 03:49 GMT+00:00

In a move to address growing concerns over money laundering and terrorist financing associated with cryptocurrencies, the Presidency of Peru has issued a new decree. The decree mandates that all cryptocurrency exchanges operating within the country must comply with anti-money laundering (AML) regulations. This development marks a significant step in the Peruvian government’s efforts to regulate the cryptocurrency ecosystem and safeguard its financial system from illicit activities.

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Mandatory Disclosure Of Crypto Holdings For Service Providers 

According to the decree, virtual asset service providers, which include both individuals and companies operating within Peru, are now required …