Pro-crypto Colombian congressman highlights legalization challenges

Mauricio Toro, Colombian congressman of the Alianza Verde party, has authored a draft bill meant to regulate the crypto industry within his country. During a recent interview with Confidential Colombia, Toro outlined some of the hurdles his proposed legislation may face.

Toro, who believes Colombia is lagging behind other nations in terms of crypto regulation, said that one of the main challenges is to make certain that the crypto industry is compliant with AML procedures. His hope is that this will bypass negative perceptions of the technology as it relates to crypto-crime.

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