Jurisdiction reference
Peru
Regulator: SBS / SMV Peru. License/registration context: Unclear. 13 VASP/entity records are tracked by Plexo Institute in Peru. Official registry source: SBS / SMV Peru — official regulator. Data last updated: 2026-08-28.
Peru has no formal legal framework for stablecoins or crypto. In December 2021, Congress introduced a bill to regulate crypto exchanges and service providers, requiring registration with the Financial Intelligence Unit (FIU) and imposing AML obligations. The bill stalled and has not been enacted. Meanwhile, stablecoins (mainly USDT) are very popular in Peru, driven by inflation concerns and remittance flows. The Superintendencia de Banca, Seguros y AFP (SBS) and Central Reserve Bank of Peru (BCRP) have issued warnings but have not banned crypto or stablecoins.
Regulatory Status
- Jurisdiction code
- PE
- Regulator
- SBS / SMV Peru
- Travel Rule
- In Progress
- Tracked entities
- 13
- Recognized stablecoin backing
- fiat-backed, crypto-backed, commodity-backed, algorithmic
- Yield-bearing stablecoins
- Restricted
- Currency
- PEN
Regulatory approach
SBS supervises financial institutions and AML/CFT; has issued warnings about unregulated crypto activity.
Relationship Graph
Jurisdiction FAQ
Who regulates Peru?
The current Plexo Institute record lists SBS / SMV Peru as the regulator for Peru.
How many VASPs are tracked in Peru?
13 VASP/entity records are tracked by Plexo Institute in Peru.
What is the Travel Rule status in Peru?
The current Plexo Institute record lists the Travel Rule status for Peru as In Progress.
Source Evidence
This profile is compiled from official legislation and regulator records. Source confidence: official source evidence.