Being aware of the evolution of the private sector and the adoption of new technologies in all sectors of the economy, in Abusaid Gomez & Asociados you will find a solid legal guidance for the creation and operation of technology platforms, with successful experience in FinTech areas such as mobile applications, payment gateways, virtual wallets, application requirements according to the service provided, among others.
Our team has an extensive knowledge of the provisions and applicable regulations so that technological platforms can operate and grow while fulfilling the obligations related to the protection of sensitive data in the digital platforms, the European General Data Protection Regime, and other applicable requirements according to the nature of the platform.
Colombia’s cryptocurrency bill seeks to provide a ground of legal security for the industry
Considering that last year the cryptocurrency market was valued in USD 540 million, it is easy to see why this industry has multiplied its growth in Colombia at an alarming speed. Despite this, until now Colombian institutions have failed to provide legal security for cryptocurrency operators and acquirers.To emend this situation, Congress is discussing a cryptocurrency bill, which also addresses the use of blockchain technology.
How can a “Company Specialized in Electronic Deposits and Payments” allow you to operate a virtual wallet in Colombia?
Colombia's goverment conceived "Companies Specialized in Electronic Deposits and Payments" in an attempt to create legal mechanisms that would allow the FinTech industry to grow, while simultaneously being safe and efficient enough for all the parties involved. Currently, this is the fitter legal figure for operating virtual wallets in Colombia.
Fintech Companies in Colombia: an investment opportunity with potential growth
Fintech is a word that comes from finance and technology and it has become a term for naming companies that offer financial products and services through information and communication technologies, such as websites, social networks and mobile applications.
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