Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: MrSpasybo on October 28, 2020, 10:09:54 PM
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A Peruvian regulator authority said on October 26 that studies currently performed on local crypto exchanges will keep on going despite the COVID-19 pandemic, as the country is looking to find ways to regulate the national crypto industry.
“One of the topics that we have not stopped is a diagnosis — which is being done — of the presence and scope in Peru of so-called virtual assets, including Bitcoin and other virtual assets that are not currencies, but that exist, trade and circulate, so there is a need to put out regulation on the matter.”
Article: Peru is studying crypto exchanges to figure out future laws (https://cointelegraph.com/news/peru-is-studying-crypto-exchanges-to-figure-out-future-laws)
From the Peru's operations, we can see that crypto exchanges are the perfect subject for research and ready for a future crypto regulatory framework:
- IEO provides full documentation related to company incorporation & capital raising in the crypto sector;
- KYC is one of the suggestions regarding anonymity & transparency in the crypto sector;
- stable coins are the inspiration for CBDCs in the future;
- the crypto-fiat exchange will suggest tax issues...
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Crypto exchanges can be utilized by the state or the country's central bank to be the main implementer of the regulations that they are trying to impose. Exchanges can be imposing the KYC requirements as required by a law passed for the same purpose. And crypto users and holders would have no choice but to agree otherwise it can be so hard to trade or liquidate one's virtual assets. Of course, we know that exchanges can be gathering data and those can be goldmine for a variety of reasons.
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maybe futures trading like the one on the Binance exchange could be an option.