New Colombian President Extends a Welcoming Hand to Blockchain and Cryptocurrency

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New Colombian President Extends a Welcoming Hand to Blockchain and Cryptocurrency

Colombia appears to be the following nation on the map that, like Malta, is making a robust pivot to blockchain and digital currencies.


Because the cryptocurrency and blockchain worlds proceed to broaden, a rising record of countries have begun to put heavy emphasis on each industries.

Chief amongst these is the small island nation of Malta, which has quickly grow to be a worldwide heavyweight on the subject of crypto.

Officers have efficiently wooed a slew of main exchanges to arrange store on the Mediterranean island, whereas Parliament permitted a trio of payments in July that was mentioned to make Malta the primary nation to determine “authorized certainty” for the cryptocurrency area.

The crypto craze has additionally unfold throughout South America, however many headlines out of the area haven’t been as optimistic.

The Venezuelan authorities has turned to the oil-backed Petro throughout a crippling financial disaster, however a number of experiences solid doubt if the pledged oil reserves even exist, or if the coin may truly change something in any respect.

Issues could possibly be fairly completely different in neighboring Colombia.

Newly-elected President Ivan Duque has expressed a robust curiosity in cutting-edge applied sciences, and officers throughout the nation are seemingly fairly occupied with blockchain know-how and digital currencies.

A New Method to Stamp Out Corruption?

President Ivan Duque made a number of notable feedback on the ANDICOM convention held every year in Colombia.

In line with native information outlet El Tiempo, President Duque defined how his “obsession” as President can be to show Colombia right into a technological chief within the area, and famous how the federal government will now keep an official who focuses on points associated to digital society.

Moreover, he remarked how applied sciences like blockchain could possibly be used to beat corruption by serving to hold tabs on public funds.