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Peruvian Cryptocurrency Regulation: Insights and Trends Revealed

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2 years ago

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Peruvian cryptocurrency regulation it setling in the country, the crypto scene is booming, but a lack of regulation could stifle its potential. 

The “Blockchain in Latin America 2024 Report” sheds light on this pivotal moment – will Peru embrace digital assets with smart leadership, or miss a groundbreaking economic opportunity?

Peruvian Demand for Cryptocurrency Regulation: Unveiling Investor Interest

A recent study performed by Sherlock Communications sheds light on Peruvians’ keen interest in regulating the cryptocurrency ecosystem within their nation. 

Findings from the “Blockchain in Latin America 2024 Report” reveal that an overwhelming majority of Peruvians, accounting for 79%, advocate for regulatory measures governing the cryptocurrency sector.

Peruvian investors show interest in bitcoin and other cryptocurrencies but require regulatory clarity.

Notably, 86% of surveyed individuals express a desire for enhanced governmental communication regarding cryptocurrencies, including elucidation of their applications and underlying technology.

Driving Factors Behind Peruvian Cryptocurrency Adoption

Peruvian cryptocurrency adoption is driven by a confluence of socio-economic factors, reflecting both individual aspirations and broader market dynamics. Understanding these driving forces provides invaluable insights into the motivations propelling Peruvians toward embracing digital assets.

1. Economic Instability and Inflation Hedge

Peruvians view cryptocurrencies as a hedge against economic instability and inflationary pressures plaguing traditional financial systems. With Peru experiencing political turbulence and persistent inflationary trends, digital assets offer a viable alternative for safeguarding wealth and preserving purchasing power. Cryptocurrencies serve as a decentralized store of value, immune to the whims of centralized monetary policies, thereby mitigating the erosion of savings amidst economic uncertainties.

2. Remittance Efficiency and Cost Reduction

Remittance inflows constitute a significant portion of Peru’s economy, with many Peruvians relying on international money transfers for financial support. However, traditional remittance channels are plagued by exorbitant fees and lengthy processing times, undermining the efficacy of cross-border transactions. Cryptocurrencies present a compelling solution, offering expedited and cost-effective remittance options that bypass intermediaries and facilitate seamless peer-to-peer transfers. By leveraging blockchain technology, Peruvians can circumvent traditional banking constraints, thereby enhancing financial accessibility and inclusivity.

3. Technological Empowerment and Financial Inclusion

Cryptocurrencies empower Peruvians with access to innovative financial tools and decentralized ecosystems, transcending geographical boundaries and socio-economic barriers. As digital natives embrace technological advancements, cryptocurrencies serve as a gateway to the global digital economy, enabling participation in decentralized finance (DeFi) platforms and blockchain-based initiatives. 

By enabling widespread access to finance, cryptocurrencies promote financial inclusion and economic empowerment for diverse communities across Peru.

4. Diversification and Investment Opportunities

Peruvian investors are increasingly diversifying their investment portfolios to include cryptocurrencies, recognizing the potential for robust returns and portfolio diversification. With traditional asset classes exhibiting volatility and diminishing yields, cryptocurrencies offer an attractive alternative for capital appreciation and wealth preservation. By allocating capital to digital assets, Peruvians can capitalize on emerging market trends and technological innovations, thereby optimizing their investment strategies and securing long-term financial stability.

5. Scholarly Initiatives and Awareness Campaigns

Educational initiatives play a pivotal role in driving cryptocurrency adoption by fostering awareness and understanding among Peruvians. As advocacy groups and industry stakeholders collaborate to disseminate accurate information and dispel misconceptions surrounding digital assets, Peruvians are empowered to make informed decisions regarding cryptocurrency usage and investment. 

By promoting financial literacy and technological proficiency, educational campaigns lay the groundwork for sustainable cryptocurrency adoption, nurturing a knowledgeable and engaged community of cryptocurrency enthusiasts across Peru.

Progress towards Peruvian Cryptocurrency Regulation Framework

Peru has embarked on legislative efforts to establish a comprehensive regulatory framework for the cryptocurrency sector. Since 2022, Peru’s Congress has deliberated over Bill No. 1042/2021-CR, aimed at regulating the burgeoning cryptocurrency landscape. While the bill awaits discussion in the plenary session of the Peruvian Parliament, it signifies a proactive approach toward addressing regulatory concerns within the industry.

Peruvians’ Perspective on Cryptocurrency Regulation

Peruvian cryptocurrency regulation it setling in the country, the crypto scene is booming, but a lack of regulation could stifle its potential. 

Despite advocating for regulatory oversight, Peruvian sentiment towards extreme regulatory measures remains divided, with just 18% of respondents expressing willingness to engage in the cryptocurrency market under stringent governmental regulation. 

Additionally, a considerable percentage of Peruvians oppose the notion of cryptocurrencies being fraudulent, with 46% advocating their acceptance as legal currency in Peru.

Peru’s Cryptocurrency Landscape: Ownership and Trends

Peru has seen a significant increase in the adoption of cryptocurrencies in recent years. According to data from 2020, Peru had a 16% adoption rate of cryptocurrencies in the South American market, making it the top country in the region for crypto usage. 

This trend has continued, with the country experiencing exponential growth in crypto adoption in 2021.

As of 2023, the total population of Peru was 33.3 million, and approximately 15.56% of the population owned some form of cryptocurrency. This represents a significant portion of the population, demonstrating the growing interest in and acceptance of cryptocurrencies in the country.

Current Status of Bill No. 1042/2021-CR

Bill No. 1042/2021-CR, which aims to regulate the cryptocurrency sector in Peru, has been under consideration in the Peruvian Congress since December 2021. 

The bill, which has passed the review process of the Economy Commission and is ready to be voted on in the plenary session of the Peruvian Parliament, seeks to create a framework law that regulates marketing, establish the duties of virtual asset service providers (VASPs), and propose the creation of a public registry for VASPs.

As of March 2024, the bill is still awaiting discussion in the plenary session of the Peruvian Parliament3. The legislative process of the project has been ongoing for over 7 months, with the last update on the status of the bill provided in December 2021.

Final Conclusions

In essence, the multifaceted nature of Peruvian cryptocurrency adoption underscores the transformative potential of digital assets in reshaping financial paradigms and empowering individuals to navigate the complexities of the modern economic landscape.

As Peruvians embrace cryptocurrencies as a catalyst for economic empowerment and technological innovation, The stage is ready for continued growth and evolution within Peru’s dynamic cryptocurrency ecosystem.

Peruvian investors’ call for cryptocurrency regulation reflects a burgeoning interest in blockchain technology and its potential economic implications.

With legislative deliberations underway, Peru stands poised to enact comprehensive regulatory measures, fostering a conducive environment for cryptocurrency innovation and investment within the nation.

About Sherlock Communications

Sherlock Communications is a leading Peruvian and Latin American PR and digital marketing agency specializing in tailored communications strategies. 

With a profound understanding of the region’s cultural nuances and media landscape, Sherlock Communications offers a suite of services encompassing public relations, digital marketing, and crisis management, catering to diverse client needs across Latin America, including Peru.

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Crypto M&A Deals Hit an All-Time High in 2025, Surging Past $8.6 Billion

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1 day ago

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December 6, 2025

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Crypto merger and acquisition (M&A) activity has reached unprecedented levels in 2025, with total deal value hitting $8.6 billion by November and a record 133 transactions completed. The surge marks the strongest year ever for crypto-sector consolidation, surpassing the combined totals of the past four years, according to data from PitchBook.

Coinbase Leads With Landmark Acquisitions

Coinbase has emerged as the year’s most aggressive buyer, completing six major deals. The centerpiece was its $2.9 billion acquisition of Deribit, one of the industry’s largest crypto-derivatives marketplaces. The company also expanded deeper into infrastructure, advertising, and Web3 product ecosystems through acquisitions including:

  • Spindl (blockchain advertising)
  • Roam Browser Team (Web3 browsing tech)
  • Echo (on-chain capital raising platform)
  • Vector.Fun (memecoin exchange platform)
  • Liquifi (token management infrastructure)

These moves underscore Coinbase’s strategy to build a vertically integrated ecosystem ahead of intensifying U.S. regulatory clarity and improving macro conditions.

Ripple and Kraken Make Strategic Plays

Ripple also recorded a milestone year with four major acquisitions, signaling ambitions beyond its payments-focused roots. Key deals included:

  • Hidden Road ($1.25B) – prime brokerage expansion
  • GTreasury ($1B) – corporate treasury management capabilities
  • Rail ($200M) – stablecoin infrastructure
  • Palisade – wallet and security integrations

Meanwhile, Kraken closed five deals in 2025, positioning itself for broader derivatives and institutional market access. Highlights include:

  • NinjaTrader (futures trading platform)
  • Breakout (proprietary trading tech)
  • Small Exchange ($100M) – boosting U.S. derivatives capabilities
  • Backed Finance AG – issuer of tokenized stocks via xStocks

The acquisition of Backed Finance further strengthens Kraken’s push into real-world asset (RWA) tokenization.

Why Crypto M&A Is Exploding

Despite a market-wide correction, M&A activity is being driven by several tailwinds:

  • Regulatory clarity in the U.S.
  • Lower interest rates following Federal Reserve policy shifts
  • Institutional expansion into tokenization and derivatives
  • A maturing environment where consolidation accelerates product innovation and cross-market connectivity

The record-breaking year signals that crypto companies are not only adapting to macro conditions—they’re scaling aggressively to shape the industry’s next growth cycle.

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Do Kwon Faces 12-Year Sentence as Prosecutors Call Terra Collapse “Massive Fraud”

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1 day ago

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December 6, 2025

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U.S. prosecutors are seeking a 12-year prison sentence for Terraform Labs founder Do Kwon, arguing that the collapse of Terra and Luna amounted to one of the largest frauds in crypto history. The request, filed in the Southern District of New York, highlights the scale of losses tied to TerraUSD (UST) and Luna’s algorithmic failure—an implosion that erased more than $40 billion and triggered widespread contagion across the digital asset sector.

In their filing, prosecutors said Kwon spent years misleading investors about TerraUSD’s stability, artificially inflating its perceived safety and contributing to the system’s eventual collapse. They argued that the fallout extended far beyond market volatility, calling Terra’s unraveling “a defining moment” that reshaped global regulatory scrutiny of crypto markets.

Kwon’s defense team has pushed for a significantly lighter sentence—up to five years—claiming that coordinated trading activity from third parties and broader market stress helped accelerate TerraUSD’s depeg. They cited research, including Chainalysis data, suggesting that external actors exploited structural weaknesses rather than Kwon deliberately engineering the collapse.

Kwon pleaded guilty in August to wire fraud and conspiracy charges. His criminal case stems from a March 2023 indictment that included commodities fraud, securities fraud, wire fraud and market manipulation allegations. The core of the case centers on TerraUSD, the algorithmic stablecoin designed to maintain a $1 peg through a balancing mechanism with its sister token, Luna. When that mechanism failed in May 2022, both assets collapsed rapidly, wiping out tens of billions in value and triggering insolvencies across multiple crypto firms.

Prosecutors are not seeking restitution, citing the complexity of calculating losses across global bankruptcy cases already underway. Instead, they requested forfeiture of roughly $19 million, noting that compensation efforts for victims will primarily be handled through restructuring processes tied to firms affected by Terra’s collapse.

Kwon’s legal challenges span multiple countries. After being arrested in Montenegro in March 2023 for attempting to travel on forged documents, he was extradited to the United States in December 2024 following competing requests by both the U.S. and South Korea. He also previously lost a civil case brought by the U.S. Securities and Exchange Commission, where a jury found that Terraform Labs and Kwon misled investors about TerraUSD’s mechanics and backing.

Sentencing is scheduled for December 11, marking a key moment in one of crypto’s most consequential legal sagas. While the ruling will conclude Kwon’s federal criminal case, numerous bankruptcy, civil and creditor proceedings tied to Terra’s collapse remain ongoing.

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Binance Launches Junior App for Kids Crypto Education

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2 days ago

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December 5, 2025

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Binance has introduced Binance Junior, a new platform designed to help children learn about cryptocurrency in a safe and supervised environment. The initiative places a strong focus on kids crypto education, offering parents full oversight of their child’s digital finance activities.

The platform allows parents to manage and monitor every step of their child’s crypto experience. Young users can explore the basics of blockchain, digital wallets, and tokens while parents approve transactions, set limits, and control account settings. This marks a significant shift in the crypto industry toward family-oriented financial literacy tools.

Binance Junior functions as a sub-account under a parent’s main Binance account, enabling secure access while preventing unsupervised interactions. Through hands-on, guided learning, kids can gain early exposure to financial concepts that are becoming increasingly important in the digital age.

Across Europe, interest in youth-focused digital finance education has grown quickly. A 2025 European Banking Authority survey revealed that over 60% of teens expressed interest in learning more about digital finance, including crypto. Binance Junior meets this demand by providing a structured environment that combines learning with real, parent-approved participation.

Another feature of the Binance Junior platform is its emphasis on long-term saving habits. Parents can set up recurring contributions to low-risk digital assets, teaching principles such as diversification, patience, and risk management. This aligns with broader trends in the crypto industry, where educational and savings-focused products are gaining momentum.

In related news, Binance Wallet has activated the second wave of Humanity Protocol (H) airdrop rewards on Binance Alpha. Users with at least 242 Binance Alpha Points can claim 295 H tokens on a first-come, first-served basis. If unclaimed, the threshold will decrease by 5 points every five minutes. Claiming requires 15 Alpha Points, and users must confirm within 24 hours or the claim is forfeited.

Binance’s push into youth financial literacy underscores how digital assets are evolving from niche investments into standard components of modern economic education.

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