Colombian Financial Watchdog Says Local Firms Can Use Capital to Buy Bitcoin
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....
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Colombian Watchdog Delays Report Resolution for Transactions
The UIAF, the organization that controls and detects money-laundering and terrorism-financing activities in Colombia, has delayed a....
The Colombian Financial Superintendence, the securities and financial watchdog of the country, is working on a document to regulate the transactions and operations made using cryptocurrency assets in the country. The organization announced that it will present the document in the coming weeks, which will issue norms for the treatment of these assets in the Colombian financial system.
Colombian Financial Superintendence to Issue Crypto Norms
Latam governments are now taking cryptocurrency regulation as a serious matter, as adoption in their countries is starting to reach relevant....
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....
U.K. watchdog, the Financial Conduct Authority (FCA), has told firms running crypto ATMs in the country that they are operating illegally and must therefore shut down their machines. Operators that fail to heed the warning will face enforcement action, the FCA said. Crypto ATM Providers Operating Illegally The U.K. financial sector watchdog, the Financial Conduct Authority (FCA), has said it asked cryptoasset service providers that operate crypto ATMs to “shut their machines down or face enforcement action.” The watchdog insisted that since none of the crypto firms that it....
The FCA said it had opened more than 300 cases into unregistered crypto firms in the last six months, "many of which may be scams." The United Kingdom’s Financial Conduct Authority, or FCA, has announced it has 50 active investigations as part of its efforts to crack down on unregistered crypto businesses.In a Thursday announcement, the FCA said it had opened more than 300 cases on unregistered crypto firms in the last six months “many of which may be scams.” In addition, the country’s financial watchdog said it was conducting 50 active investigations — which may include criminal probes —....