Regulatory Alerts2026-08-07 | Circular 2508Added · Updated
Compilation of Securities Market Regulations - Errata - Circular No. 2507 of July 16, 2026
The Superintendent of Financial Services corrects Circular No. 2507 by incorporating Articles 198.2, 198.3, and 204.2 into the Compilation of Securities Market Regulations to properly regulate virtual asset service providers. Article 198.2 mandates precise identification data for virtual asset transfer originators and beneficiaries, with a simplified reporting option for domestic transfers of $1,000 USD or less, subject to a compliance deadline of December 31, 2027. Article 198.3 requires providers receiving transfers to obtain equivalent identification data and report suspicious transactions, also with a compliance deadline of December 31, 2027. Article 204.2 establishes reporting obligations to the Financial Information and Analysis Unit for cash transactions exceeding $10,000 USD and fund transfers exceeding $1,000 USD.