Gustavo Moreno, member of the Colombian Senate, held the first debate on Bill No. 139 of 2021, which aims to regulate crypto asset trading services offered through digital platforms.
The bill was unanimously passed by the Colombian House of Representatives late last year. Still, if the bill is not approved by June 20, it will sink in Congress.
The regulatory points of the bill include the need to register in Colombia, identity verification, separation of client funds from the company, compliance with free competition and free market principles, the responsibility of the platform to educate users, and ensuring blockchain security.