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.
Time is running out for registering your cannabis seeds in Colombia
Since the cannabis industry in Colombia is still growing, it is fairly difficult to find stable developed seeds that are suitable for an industrial project. Colombia’s government has addressed that matter by instituting the legal figure of “Fuente Semillera”, which opens up a window for registering seeds before the Colombian Institute of Agriculture, as long as the application is presented before December 31, 2018.
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What should we expect for the cannabis industry in Colombia as the new government takes power?
The presidential elections held on June 17 provoked many concerns among the cannabis industry, as president elect Ivan Duque, whose campaign was supported by an ultra-conservative party, sustained a strong anti-narcotics position that could be extended to medical cannabis, without regard to the obvious distinction between the two industries. However, since elected, Duque’s choices and statements have been rather positive towards the issue.
The challenges that come along with cannabis investments in Colombia
By now, it is known that Colombia has become one of the hotspots for cannabis investors worldwide, as it has plenty of beneficial conditions for the cultivating and harvest of cannabis plants. Additionally, the current legal framework for cannabis regulation has establishes and fully regulated the possibility to acquire an administrative license.
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.