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.
What are the rules to be observed while operating a crowdfunding platform in Colombia?
As crowdfunding activities were finally regulated by Colombia's goverment, these platforms are allowed to operate on clear grounds, making this a perfect time to invest in the industry or to start new crowdfunding initiatives.
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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.
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.
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.