The new decree in Peru requires virtual asset service providers to comply with anti-money laundering regulations

ChainCatcher news, according to Bitcoinist, the President of Peru has issued a new decree stating that all cryptocurrency exchanges operating within the country must comply with anti-money laundering (AML) regulations. According to the decree, virtual asset service providers, including individuals and companies operating in Peru, are now required to report information to the Financial Intelligence Unit (UIF-Peru).

The definition of "virtual asset service providers" includes entities engaged in various cryptocurrency-related activities. The decree is now in effect, and UIF-Peru is expected to release more specific guidelines in the coming days to further clarify the obligations and responsibilities of virtual asset service providers in the country.