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.
What Fintech companies should know about legal regulations in Colombia.
After a 61% growth last year, Colombia currently has the third biggest Fintech Industry in South America. Despite that, currently Colombia does not have a single proper Fintech regulation nor even a bill about it, even when the government and other sectors have widely acknowledged its importance, as they are currently becoming one of the decisive agents for the future of the worldwide financial industry.
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.
Virtual wallets and online payment gateways in Colombia: administrative statements that open up opportunities for FinTech companies
Technology has become a vital aspect of our lives, it has changed the way we perceive and perform many of our regular activities as people keep opting for more practical solutions. This circumstance has been particularly witnessed in the financial world, as electronic payments have become an everyday activity.
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