Peru chooses CBDC, the US rules the law, and crypto scammers roam in Russia

Peru will be added to the list of states preparing a “surprise” for citizens in the form of regulated digital currencies of central banks (CBDC). The country’s reserve bank has already announced cooperation with regulators in India, Hong Kong and Singapore, which are also planning to develop tokens pegged to national currencies.

In the United States, a group of congressmen and senators have launched a powerful campaign to soften the provisions of the infrastructure bill regarding the tax regime for crypto companies and bitcoin traders. Recall that at the beginning of the week, US President Joe Biden signed this document, previously approved by Congress.

And in the Russian Federation, crypto scammers have become more active, successfully reviving the scheme of “fake” ICOs. They urge citizens to buy non-existent tokens and promise excessively high income. But, having received the victims’ money, the swindlers predictably and quickly disappear – along with the appropriated funds.

Peru joins the CBDC race

Apparently, the example of El Salvador does not seem inspiring enough. How else to explain the decision of the Peruvian leadership, who chose not bitcoin, but the concept of CBDC.

Now this Latin American state can become the owner of the national digital currency. Already they are following this path China, Russia and other countries.

The head of the Central Reserve Bank of Peru, Julio Velarde, announced a large-scale update of the payment system using an innovative tool at a conference in the capital with the participation of business representatives. But the banker did not promise any quick transformations.

“I think that in 8 years we will receive a payment system completely different from ours today. Even the financial system as a whole will be very different“, – stressed Velarde.

The Central Bank of Peru wants to take advantage of the experience and ready-made developments of other central banks. Therefore, the regulator cooperates with colleagues from Singapore, India and Hong kong…

A senior official admitted that Peru will not be able to win the CBDC race, since the country does not have sufficient resources. But keeping up with other central banks is vital. Only in this way will we be able to develop technologically, he summed up.

Peru still lags behind regional neighbors such as Mexico and Brazilplanning to release government digital currencies before 2023.

Now programs for launching national tokens are run by 87 states (according to the Atlantic Council). Progress is obvious, as only 35 countries approved the CBDC concept in May last year.

By the way, they are ahead of everyone Bahamas and Chinawho have already started practical testing of digital tokens.

The law needs adjustment

A group of congressmen proposes to amend the infrastructure law, signed by the US President on Monday – more precisely, in the section concerning the taxation of crypto companies. The refinements were made by Patrick McHenry, Tim Ryan, Kevin Brady and their colleagues – a total of nine “Honorable Gentlemen”.

McHenry, representing the House Finance Committee, said the adjustment would clarify many issues.

In particular, lawmakers propose to soften the clauses on taxation of companies in order to prevent the massive flight of blockchain businesses to other jurisdictions. It is necessary to reconsider the approach of the state, taking into account the interests of enterprises in the cryptosphere.

And Senators Cynthia Loomis and Ron Wyden insist on canceling the requirement for blockchain developers to store information about the sender and recipient of funds. Legislators are urging to remove this clause and give blockchain operators more financial freedom.

The largest blockchain associations and expert organizations in the United States supported the amendments and welcomed the initiative of the members of the House of Representatives and the Senate.

Beware of scammers: old ICO schemes still work today

The Internet has proven to be an ideal incubator for scammers skimming off the cryptocurrency hype. The scale of the activities of ash-miners exploiting the topic of investing in digital currencies is growing all over the world. Russia is no exception.

According to Stanislav Kuznetsov, top manager of SberBank, today’s well-grounded swindlers are actively exploiting the already forgotten topic of fake token offerings (ICOs). According to the deputy head of the state bank, criminals are spreading calls on many Internet platforms to invest in “promising and profitable projects” as soon as possible.

To receive income, you need to purchase “tokens” issued by the organizers of such projects. But almost all of them are built on the principle of a financial pyramid – bring your own money and bring wealthy friends.

Mailings with investment calls are being sent en masse on social networks, the banker complains. Against the background of the rise of the crypto market, it is not at all difficult to deceive people: many sincerely believe that, having invested right now, they will earn good money in the shortest possible time.

The activation of scammers on the bitcoin hype is also recorded by Kaspersky Lab. The company urges Russians to refrain from tempting investments in dubious projects.

The result of “investing” is almost always the same – after receiving money from the “depositors” the swindlers stop communicating.

Sources: TASS, Izvestia, CoinTelegraph, CoinDesk