Colombian Money Laundering Watchdog Postpones Crypto Transaction Reporting Resolution – Bitcoin News

The UIAF, which is the Colombian cash laundering watchdog, has postponed the date on which exchanges and people should begin reporting their transactions to the group. The establishment will now open a consulting interval wherein firms and people can current their ideas relating to the proposed regulation, which is perhaps modified earlier than its software on June 1st.

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Colombian Watchdog Delays Report Resolution for Transactions

The UIAF, the group that controls and detects money-laundering and terrorism-financing actions in Colombia, has delayed a decision that established the duty for exchanges and people to report some cryptocurrency transactions. The Colombian unit will begin receiving these stories on June 1, as a substitute of when it was established earlier than, on April 1.

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