Price volatility, money laundering and terrorist financing were among the risks in a warning from Colombia’s financial watchdog, which called for firms to manage digital-asset exposure.
Colombia is developing a bill on digital-asset activities and tokenized securities. According to Mariana Aya Guerrero, acting director of the Unidad de Regulación Financiera (URF), the draft would require authorization for specified activities, lay out operating rules, assign regulatory duties and provide for penalties.
Guerrero said the URF is working on the measure alongside Banco de la República, Ministerio de Hacienda and other public authorities. The proposal would also change how ownership and securities trades are recorded, according to EconoTimes’ earlier coverage.
