Interview
The CEO of Lightning Koffee launched the coffee startup in October with the aim of onboarding Medellín businesses onto Bitcoin.
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Colombia News
Colombia — officially the Republic of Colombia — is a country located in northwest South America, including some territories in Central America. Columbia has a developing economy and the country is the fourth in terms of GDP among the countries of Latin America. In terms of cryptocurrency, Colombia was the place for the Blockchain Colombia Meetup in 2018. In addition, there is Fintech Colombia — an association of companies focusing on technology in finance. Moreover, local Colombian cryptocurrency-related businesses have launched a Colombian Blockchain Association in 2018 in order to support the industry and advise the national government on the questions of digital currency regulation. In Colombia, blockchain is also very interesting for authorities, as they look at the prospects for the implementation of the technology.
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Num Finance received $1.5 million in a pre-seed funding round in May and is now issuing stablecoins in the local currencies of Argentina, Peru and Colombia.
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Setting limits on CBDC transactions could be beneficial to issues related to user privacy and security, according to the central bank of Colombia.
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The launch announcement followed expansion moves by Bitfinex into El Salvador and Chile through licensing and partnerships, respectively.
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Ripple says the “in principle” approval will help scale its “On-Demand Liquidity,” the service it uses to source XRP liquidity to customers.
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The pilot program will run through 2023 with the intent of demonstrating blockchain utility to the general public.
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The human rights advocacy group pulled the faked images following widespread online criticism.
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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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Inflation has fueled crypto growth in the region, stimulating asset tokenization and remittance infrastructure development.
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British Columbia has cited prioritizing clean energy and job creation as the main reasons for suspending cryptocurrency mining operations.
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A joint effort to permanently store and authenticate Colombian property titles on the XRP Ledger looks set to stall as the new government focuses on other priorities.
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The new guidelines from the Federal Reserve hold a prospect of “the most stringent review” for non-federally insured institutions.
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A national digital currency would help curb tax evasion in Colombia, which is estimated at up to 8% of GDP, the head of Colombia’s tax and customs agency said.
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BNB Chain prepares to launch a Web3 development course for Latin American students as the region continues to be a hub for adoption and crypto-related activity.
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“Virtual currency is pure information and therefore energy,” said Gustavo Petro in 2021, in regard to mining crypto in Colombia.
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