With a clear regulatory framework, the conference seeks to monitor service providers crypto, to protect consumers and foster innovation in blockchain.
On February 26, 2025, the senator Gustavo Moreno and the representative Julian Lopez presented at the Congress of Colombia, a bill that seeks to establish a comprehensive regulation for the market criptomonedas in the country. This initiative, comprised of 16 items, has as its main objective to create a regulatory framework for virtual assets and to promote the use of technology blockchain in various areas.
Registration and Supervision of Service Providers of Virtual Assets (PSAV)
One of the fundamental pillars of the project is the creation of a compulsory register for the Service Providers of Virtual Assets (PSAV), which will be in charge of the Superintendence of Companies. This entity will be responsible for the supervision and monitoring of the activities carried out by the PSAV in Colombia. It is considered PSAV to any legal or natural person, domestic or foreign, that provides services related to virtual assets in the usual manner and professional to third parties in the country.
To be considered a PSAV, the bill establishes that, in a period of 12 consecutive months, the entity must have earned income above 3,000 minimum monthly wages in force (MONTHLY) for the provision of services on digital assets, or own virtual assets worth at least 5,000 MONTHLY. Those already operating as PSAV at the time of the entry into force of the law will have a term of 12 months to register, while the new entrants will have a year from the start of their operations to comply with this requirement.
Consumer protection and Financial Crime Prevention
The bill emphasizes the need to protect users from criptomonedas, and to prevent illicit activities such as money laundering and the financing of terrorism. To do this, we prohibit practices such as the network marketing with criptoactivos and financial intermediation not authorized. In addition, it is required that the platforms to implement robust mechanisms to ensure the security of transactions and the protection of the funds of the users.
Promotion of Education and Technological Innovation
In order to promote the adoption of safe and aware of the criptomonedas, the initiative proposes to alliances with the National Learning Service (SENA) and territorial entities to develop educational programs about technology, blockchain and the use of digital assets. These programs will be targeted to both users and providers of services, seeking to strengthen the knowledge and the confidence in the ecosystem crypto.
Context and Need for Regulation
Colombia ranks as the fifth largest country in the world with greater use of criptomonedas, with more than 5 million colombians performing transactions in this market and a movement of 6,700 million us $ in 2024. However, the absence of a clear regulation has allowed the proliferation of scams and pyramid schemes, as well as the misuse of criptoactivos for illegal activities. This bill seeks to close these gaps, offering a legal framework that protects consumers and provides legal security to the companies of the sector.
Conclusion
The presentation of this bill represents a significant step towards the formalization and regulation of the market criptomonedas in Colombia. When you set clear rules and oversight mechanisms, is expected to enhance the confidence of users, attract investment and position the country as a leader in the adoption of secure technologies emerging financial.
Source: LR
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