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The institution also pointed out that at the international level, many financial authorities had pronounced on the risks and "speculative factors" related to the purchase of cryptocurrencies. In this section, they indicate "on the risks of fraud and its possible link with illegal activities".
The VMS statement comes 10 days after the Central Bank of Peru also warned of the risks associated with the purchase of cryptocurrencies. The financial authority emphasized on 16 November, through a tweet, What "cryptocurrencies are not backed by central banks and they have risks due to the high volatility of their prices, cases of fraud and their possible use in illicit activities. The price of bitcoin dropped by 56% until October 2018 and by 13% until now in November. "
BTC up
Despite what has been said by the central bank and the supervision of securities, Peru has set a new record in bitcoin marketing last week. According to Coin Dance figures, the volume of weekly transactions with the main cryptocurrency has reached a ceiling for LocalBitcoins. For the week of November 24, the portal recorded exchanges that reached 171 BTC, which equates to 669,807 US dollars at the time of writing.
The bitcoin trade in Peru reached a new record last week with an exchange of up to 171 BTC in LocalBitcoins. Source: CoinDance.
Although Peruvian financial institutions do not directly prohibit initial currency offers or transactions with cryptoactives, yes, they send an alert message to investors so that they pay attention and above all, make it clear that they will not be covered in case of loss because it is an activity not regulated by the state.
At this point, it is also important to say that a study by Autonomous Research revealed that funding through the ICO dropped to its lowest level in 2018. The ICOs were treated in different ways by the legislation of each country. For example, they have been banned in China or South Korea and are tightly regulated in the United States. Even in Europe, the maximum amounts of collection have been established by this modality.
The selected image of promesaartstudio / stock.adobe.com
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