Colombian exporter developing cryptocurrency to help transport long-horned be...
This Colombian beetle exporter once used biotechnology to reduce organic waste. It's now moving into cryptocurrency development. As reported by Reuters Thursday morning, Tierra Viva ("Alive Earth"), a Colombian exporter of long-horned beetles based in Tunja, has been developing its own cryptocurrency to avoid high commission costs on international sales. According to the outlet, the Hercules, Neptunus, and elephant beetle species exported by Tierra Viva have a retail price of $300 a pair in Tokyo. The beetle species are popular among Japanese schoolchildren and collectors.Carmelo Campos,....
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The recently published Land Transport Regulation 2040 report by Australia’s National Transport Commission (NTC) suggested blockchain technology could change its existing transport model. Transforming the Current Transport Model. The National Transport Commission (NTC) is undertaking strategic work called Land Transport Regulation 2040. The aim is to....
The Superintendency of Corporations in Colombia has explained in an official note that companies in the country are legally allowed to buy cryptocurrencies, specifically bitcoin (BTC), to inject capital as long as they abide by local regulations. Colombian Watchdog: Local Firms Can Use Capital to Buy Bitcoin if Companies Demonstrate Tokens Are ‘Intangible Assets’ According to the publication, the Colombian watchdog pointed out that although crypto assets usage in the financial sectors is “still” not regulated, there are no legal prohibits to inject capital via....
The DIAN, the Colombian tax authority, has announced it is taking special measures to tighten controls on taxpayers currently using cryptocurrencies to transact. With these actions, the organization seeks to detect any taxpayers that have used crypto assets and failed to report these activities, or reported them erroneously. This action seeks to thwart cryptocurrency-related tax evasion in the country.
Colombian Tax Authority Targets Tax Evaders
The Colombian tax authority, called the DIAN, has announced that its next target is cryptocurrency-utilizing tax evaders. According to a....
A Colombian entrepreneur has joined forces with a Venezuelan teenager to launch a cryptocurrency in Boyacá, Colombia. The region is now known in the local crypto industry as the home of the most popular emerging local crypto in the country. Over 5,000 People From Other Countries Currently Hold The “Bitcoin Boyacense” Kmushicoin, popularly known as “bitcoin boyacense,” was created by Germán Viasus, a local environmental engineer, and José Carmelo Campos, a Venezuelan programmer. The creators of the “bitcoin boyacense” say that....
Nequi, a fintech neobank which allowed Colombian citizens to test all-digital financial services, has announced its plans for expansion after having parted ways with Bancolombia, the bank that gave it its origin. These plans include an entry into the cryptocurrency world while complying with the limits set by current regulators.
Colombian Nequi to Enter Crypto Market
More and more neobanks are considering including cryptocurrencies in their service offerings. This is the case with Nequi, a fintech platform that is reportedly considering making an entrance into the crypto sector....