The President of Peru has issued a new decree that should reduce the risks of money laundering and terrorist financing using cryptocurrencies. All exchanges in the country must now comply with the AML rules.

The new decree was an important step for the government of Peru to regulate the cryptocurrency ecosystem and prevent the use of digital assets for criminal purposes. As part of the decree, both individuals and legal entities working with cryptocurrencies in Peru must provide information about their transactions to the Financial Intelligence Agency (UIF). The Agency will receive, analyze and transmit information on money laundering and terrorist financing activities using cryptocurrencies.