Colombia plans crypto regulations to curb risks and attract investment

Colombian lawmakers have introduced a bill to regulate the country’s crypto sector, El Colombiano reported on March 3. According to the report, Senator Gustavo Moreno and House Representative Julian Lopez submitted the proposed legislation to Congress on March 3. This effort follows a failed attempt to pass similar regulations last year. Lopez reportedly said: “This project […]

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Bitfinex launches P2P trading platform in Venezuela, Argentina and Colombia

Digital asset exchange Bitfinex has launched a peer-to-peer (P2P) trading platform in Venezuela, Argentina and Colombia. In a June 27 announcement, the crypto exchange said it had started the “Bitfinex P2P” platform allowing users in the South American nations to buy and sell Bitcoin (BTC), Ether (ETH), Tether (USDT), Tether’s euro-pegged stablecoin EURT and Tether [...]

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Binance Launches Prepaid Card in Colombia

Binance, the cryptocurrency exchange, has launched a prepaid cryptocurrency card in Colombia, expanding its reach in Latam. The card, which will allow customers with their identity verified to make payments with crypto, establishes the country as one of the leading markets for the exchange in Latam behind Brazil and Argentina. Binance Announces Crypto Prepaid [...]

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Colombia Holds Landmark Virtual Court Trial in Metaverse

Colombia's Magdalena Administrative Court conducted a trial in the metaverse on February 15, with participants appearing as avatars in a virtual courtroom. The trial involved a traffic dispute brought by a regional transport union against the police and lasted two hours. The verdict could also be given in the metaverse. Colombia is one of the first countries to test legal proceedings in the metaverse. (Read More)

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A Colombian court recently hosted its first legal trial in the metaverse

The metaverse hosted Colombia's Magdalena Administrative Court's February 15 session. Maria Quinones, the court's Magistrate, called it "realer than a video call." (Read More)

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Colombia’s legal system experiments in the metaverse: Report

Colombia has positioned itself at the forefront of innovative ways to conduct legal proceedings after recently hosting a trial in the metaverse.

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Minteo closes $4.3 million round as it eyes Web3 growth for Latin America

Minteo’s $4.3 million seed round attracted the backing of Fabric Ventures, OpenSea Ventures, Dune…

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Ripple's Colombia Real Estate Tokenization Project Halts as New Govt Takesover

Ripple's project to register real estate on blockchain in Colombia is facing a crisis after a new government came into power. (Read More)

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Colombia Successfully Issued Bond Based On Blockchain Technology

The Colombian regulator reported that the pilot test for the issuance of bonds in the capital market yielded positive results.

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Colombia Confirms Plans For Digital Currency

The new government of Colombia wants to prevent tax evasion and expand transparency.

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Colombia Set To Employ Ripple’s XRPL Blockchain for Land Registry

The Government of Colombia is ready to utilize the XRPL blockchain for land registry. Ripple, along with Barcelona-based Peersyst Technology, ...

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Colombia’s New President: Country Can Use Natural Resources to Produce Bitcoin, Not Cocaine

Apart from attention to climate change, president-elect Gustavo Petro expressed approval for Bitcoin adoption.

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The next president of Colombia appears to be a Bitcoin enthusiast 2022

“Virtual currency is pure information and therefore energy,” said Gustavo Petro in 2021, in regard to mining crypto in Colombia. The next president of Colombia , Gustavo Petro, has previously expressed support for cryptocurrency. After winning the second round of a run-off election on Sunday, Petro will succeed Iván Duque Márquez as the president of […]

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Colombian Congress Debates Bill to Regulate Cryptocurrency Exchanges

Colombia is moving towards the creation of a regulatory framework for cryptocurrency trading with the bill that is currently being discussed in Congress

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Colombian Crypto Market Advances, but Users Demand Greater Security

Although the cryptocurrency market in Colombia continues to grow, about two-thirds of Colombians are demanding greater security for their investments.

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Launch of New Crypto Exchange in Colombia Soon

Ripio, the Latin American cryptocurrency platform, reported that it expects to make its official launch in Colombia in approximately two month.

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19% Annual Returns on Cryptocurrency Trades in Colombia?

A Colombian exchange is offering its clients the possibility of trading with automatic annual returns of up to 19%.

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Mexican Drug Cartels Are Increasingly Using Bitcoin (Report)

The UNODC suggested that Mexican and Colombian drug cartels increasingly use crypto in their criminal activities.

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Top Latin American Crypto Exchange Bitso Enters Colombia

Bitso, one of Latin America's largest cryptocurrency exchanges, said it will enter the Colombian market, hiring former Mastercard executive Emilio Pardo as its new country manager. (Read More)

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Crypto Users and Exchanges Must Now Report Transactions in Colombia – Emerging Markets Bitcoin News

The Colombian government has issued new regulations that force exchanges and individuals to report cryptocurrency transactions to the UIAF, the anti-money laundering watchdog in Colombia. The transactions must be reported via an online reporting system, and exchanges will be required to issue periodic reports of suspicious transactions made by users. Colombia Tightens AML Controls New […]

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