The World Economic Forum looks at blockchain as a solution against foul play in government processes.
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.
Peer-to-peer Bitcoin trading in the United States has surged to post its strongest weekly volume on record, with almost $29 million trading on Localbitcoins and Paxful.5813
The Ethereum Foundation has postponed Devcon VI until 2021 and will host it in Bogota, Colombia.6268
A Colombian National Police report revealed that the country is the preferred target for ransomware attacks in Latin America.3099
While Localbitcoins trade volumes have receded globally since the platform’s KYC overhaul last year, Latin American trade has continued to surge.4276
“Bogota Aprende TIC” program aims to spread the word among regular citizens of the potential of blockchain.4169
Colombian startup Valiu has launched its ‘cryptodollar’ — Bitcoin-backed synthetic USD that Venezuelans can use for payments and remittances.7679
Crypto exchange Binance is enabling citizens in five further countries to buy crypto using Visa cards with their national fiat currencies.10254
Binance has rolled out peer-to-peer crypto trading with five new Latin American fiat currencies.4942
Colombia is one of the key players in the crypto sphere by pace of adoption. What are the reasons behind such popularity?6851
Global peer-to-peer Bitcoin marketplace Paxful and Colombia-based blockchain company Coinlogiq, will bring 45 new crypto ATMs to Colombia and Peru.2069
An astounding 86.5% of Colombians are familiar with cryptocurrency and 80% are open to investing in the asset class.2270
Bitcoin weekly trading volumes in Venezuela reached a new all-time high, rising to almost $7 million per week on p2p platform LocalBitcoins.10990
Mainstream newspaper Time published an article illustrating the liberating potential of Bitcoin, especially in countries with oppressive governments.13116
Experts conclude in a joint report that Colombia’s draft bill on crypto regulation has "inconsistencies and weaknesses.”4553