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But what does that mean in practice?
Simply put, entities providing services related to virtual assets are now required to apply requirements similar to those imposed on banks and financial institutions, such as verifying customer identities, understanding the sources of funds, monitoring transactions, and reporting any activity suspected of being linked to money laundering or terrorist financing.
The importance of this amendment lies not only in enhancing oversight, but also in keeping pace with international standards issued by the Financial Action Task Force (FATF), which considers virtual assets as high-risk sectors if not subjected to effective regulatory procedures.
From another angle, regulation does not mean restricting investment or innovation, but aims to build a more transparent and trusted environment for investors and dealers in this growing sector.
The most important message in this amendment is that financial innovation is no longer detached from compliance. The more the use of virtual assets expands, the greater the need for regulatory systems capable of protecting the economy from the exploitation of these technologies in financial crimes.
In a world where funds move across borders within seconds, the question is no longer: Should virtual assets be regulated? Rather, how can they be regulated in a way that balances innovation and protection?
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