$BTC

COLOMBIA COMES WITH NEW REGULATIONS "TO TIGHTEN THE REINS ON THE BITCOIN INDUSTRY"

Attention all those who follow the world of cryptocurrencies! It seems that Colombia is getting serious about regulating the Bitcoin industry. The truth is that this has grown a lot there, and the intention is to bring "order".

What they seek is for service providers of crypto assets, such as exchanges and virtual wallets, to start paying their taxes as they should. The DIAN, which is the tax entity in Colombia, is already working on regulations so that everyone contributes proportionally to what they handle. That is, the sectors that previously did not contribute or contributed very little, will now do so.

So yes, they are working hand in hand with the Financial Superintendence and the Ministry of Finance to have a clear legal framework. The idea is to provide transparency to the market and, in the process, prevent it from being used for not-so-legal activities. We will be attentive to how this progresses.