Tuesday , June 22 2021

Peruvian Regulators Warning ICO and Buying Cryptinent Substances Issues | CriptoNews

Similarly, the organization has stressed that there are several financial agents on the international scene, the risks of buying ciphers and the "speculative factors". This section describes "the risks of fraud and the links related to their illusory activities".

The Peruvian Central Bank has also warned of the danger of purchasing cigarettes from the 10-day SMV statement. The financial authority stressed on November 16 a tweet, what "Cryptoconferences are not sponsored by central banks and due to the high volatility of their price, there are risks that can be used in cases of fraud and illegal activity. Bitcoin price has fallen 56% until October 2018 and is also 13% in November ".

BTC sales have risen

Although central banks and securities superintendents have said, A new record in Peru has been recorded for the marketing of bitcoins last week. According to Coin Dance, the volume of heavy transactions with the major cryptoconferences reached LocalBitcoins. On November 24, the portal registered 171 BTC exchanges, equivalent to over 669,807 dollars.


Peruvian bitcoin trade reached a new record last week, with 171 BTC exchanges with LocalBitcoins. Source: CoinDance.

If Peru's financial institutions do not directly prohibit the Initial Currency Transactions or operations with crypto operations, Yes, investors are sending a warning message and, above all, I must make it clear that there are no losses due to the fact that it is not an activity regulated by the State.

At this point, it is also important that an independent research study be funded through the ICO in August, until the year 2018 is the lowest level. ICOs have been treated differently according to law from each country. Thus, for example, China or South Korea have been banned and are highly regulated in the United States. In Europe, through this mode, the maximum amounts have been established.

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