Peru does not get enough attention in crypto compliance circles yet, the numbers argue otherwise. Close to 28 billion dollars in crypto changes hands there every year, and 9 of every 10 of those moves are dollar stablecoins people use for savings, remittances, and getting paid across borders. About 4.5 million Peruvians hold crypto. In 2025, transfers between banks and wallet services crossed 540 million, more than double the year before.

Hence, firms must pay close attention when Peru establishes a compliance timeline. The mandate is the Travel Rule, and the critical date is August 1, 2026.

The Superintendency of Banking, Insurance and Pension Funds, (“SBS”), runs AML supervision through its Financial Intelligence Unit, the UIF-Perú. In July 2024 the SBS published Resolution 02648-2024, the AML/CFT norm for Virtual Asset Service Providers, or PSAV in Spanish. Almost all of the norm went live the day after publication. One piece did not. Chapter VIII, the Regla de Viaje, got a two-year grace period, and the grace period ends this August.

Who has to comply

Any VASP domiciled or incorporated in Peru, plus Peru branches of foreign firms. The covered activities track FATF Recommendation 15: swapping crypto for cash, swapping one crypto for another, moving crypto, holding or managing crypto for someone else, and helping sell a new asset. If you do any of these for Peruvian users, you have to register with the UIF-Perú and stand up an AML program, as well as have a named compliance officer.

Registration is the only status Peru asks for right now. There is no crypto license, no capital regime, no market-conduct rulebook. A broader market law, the Ley Marco for crypto, would create an exchange register called the RUPIC, and Congress kicked the draft back to committee in March 2025. Until the law changes, the AML regime and Chapter VIII are what binds you today.

What Chapter VIII asks for

Peru treats every crypto transfer as an electronic transfer, domestic or cross-border, held to the same minimum data. The duty sits with both sides. The sending VASP and the receiving VASP each have to obtain, keep, and pass along originator and beneficiary details.

There is no de minimis exemption. Peru applies the rule to transfers of any size. What changes with size is how much you collect. Under 1,000 dollars, a lighter data set. At or above 1,000 dollars, you add the originator's address, date and place of birth, or a transaction ID.

The originating VASP has to send the data to the beneficiary VASP immediately and securely, which Peru defines as before, with, or alongside the transfer, and with the data kept intact and available. Authorities will request the same information later, and you must be ready to produce records on demand.

Self-hosted wallets are where a lot of programs get nervous, and Peru does not ban them outright. For a transfer to or from a self-hosted wallet, you collect your own customer's information and ask the customer for the counterparty's details, at the same level the table sets out.

Peru is not an outlier

This is the same FATF Recommendation 16 story playing out across Latin America, where Peru now ranks among the six largest crypto markets in the region. Stablecoins take off, transfer volume climbs, and a Travel Rule deadline follows. Peru gave two years of runway, then wrote a 120-day setup window into the resolution once the rule goes live, so real preparation time is tighter than August 1 suggests.

Where to start

Start from a clear picture of the rule. Our Peru jurisdiction page sets out the full Chapter VIII requirements, the data thresholds, and the self-hosted wallet handling in one place, and we keep the page current as the August start approaches. Use the page to brief your compliance team and product leads, then bring the counterparty and workflow questions to us.

Where Notabene fits

If you serve Peru, this is the problem we work on every day. Notabene Transact collects and checks originator and beneficiary data, lets you set policy per jurisdiction through a rules engine, and handles self-hosted wallet verification the way Resolution 02648-2024 expects.

Want to pressure-test your Peru readiness before August? Talk to our team.

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