The UIAF, which is the Colombian money laundering watchdog, has postponed the date on which exchanges and individuals must start reporting their transactions to the organization. The institution will now open a consulting period in which companies and individuals can present their thoughts regarding the proposed regulation, which might be modified before its application on June 1st. Colombian Watchdog Delays Report Resolution for Transactions The UIAF, the organization that controls and detects money-laundering and terrorism-financing activities in Colombia, has delayed a resolution that established the obligation for exchanges and individuals to report some cryptocurrency transactions. The Colombian unit will start receiving these reports on June 1, instead of when it was established before, on April 1. The exact reasons behind the delay were not specified in the document, but the new resolution that establishes the postponement states: In order to ensure that the submission of
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