Looking to replicate the EU's effort to curb AI misuse amid rapid adoption, Peru is drafting a framework geared toward stifling misinformation, safeguarding users' privacy, and promoting transparency.
Peru moves closer toward the development of a CBDC in a move intended to improve the country's monetary and financial stability and has engaged with stakeholders to put the plan into fruition.
Central Bank President Julio Velarde said the government is partnering with countries with more advanced experience in developing its central bank digital currency, such as India, Singapore, and Hong Kong.
Peru’s Financial Intelligence Unit has been studying the industry in the past few months and seeks to use its findings to formulate regulations for digital currencies.
Paxful has entered into a partnership with CoinLogiq, a blockchain company out of Colombia, to begin to install crypto ATMs in the country, as well as Peru.
The country’s official state-backed cryptocurrency PeruCoin seeks to see further adoption of crypto among the population.
