In the morning the Sixth Commission of the Senate of the Republic approved the crypto law in its third debate. Only the full session of the Senate has yet to become a reality of its process. The project aims to define general aspects of operations and functioning of cryptoactive exchange service providers In Colombian territory through the Cryptoactive Exchange Platform (PIC).
From Colombia Fintech we celebrate the approval in the third debate of the crypto law in the Sixth Commission of the Senate.
Thank you Congressman for leading the way on this issue that is central to the lives of millions of Colombians.
This is the achievement of the ecosystem. @GabrielSantosCD pic.twitter.com/rrameBsjo3
– Colombia Fintech (@colombiafintech) May 30, 2023
With the approval in the third debate, cryptoactive exchange platforms (PICs) are recognized, which provide digital asset exchange services. An ratification debate is still in the process with the legislature 15 days away.
The project that is moving forward is the achievement of members of the Colombian Fintech Association, who have always sought to create a regulation to empower citizens. ,This is a historic step for Colombia, a country that can no longer turn its back on the reality that both its citizens and its industries are developing The ecosystem in Cryptoactive. We celebrate that the Sixth Commission has decided to favor citizens, their savings, their interests and their financial freedom”, said Gabriel Santos, Executive President of Colombia Fintech.
“This is a historic step for Colombia, a country that could not turn its back on the reality that its citizens and its industry were developing an ecosystem in crypto assets,” says Gabriel Santos CD, President of Colombia Fintech.
“This is a historic step for Colombia, a country that could not turn a blind eye to the reality that both its citizens and its industry were developing ecosystems in crypto assets,” he says. @GabrielSantosCD President of Colombia Fintech. pic.twitter.com/pdXSzT2yeZ
– Colombia Fintech (@colombiafintech) May 30, 2023
From the Colombian Fintech Association we are still waiting for the approval of this project in the Senate plenary session before the end of the Legislature on 16 June.
What advice would you give to the consumer when buying or selling things with cryptocurrencies? please name at least 5 and explain them
According to, Andres Gomez, Country Manager of Cryptomarkets Colombia These are some recommendations for users who are just starting to enter this market, or who are already in it.
To get started making purchases with this type of digital currency, follow these 5 key tips. First, keep on hand a digital wallet that will allow you to store and manage crypto. But what is a digital wallet? Simple, it works just like a bank account. Some of the most commonly used platforms for this purpose are www.cryptomkt.com.
Second, load balancing. This can be done in the local currency, ie in Colombian pesos, and then the chosen cryptocurrency can be purchased.
Third, try and find merchants that accept these types of digital currencies. Remember, there are more and more brands and establishments that accept this payment method. Consult this list which will be very helpful: https://n9.cl/listadesitiosqueaceptancriptos.
Fourth, make transactions, which may require you to scan a QR code or obtain a recipient’s cryptocurrency wallet address to make a payment.
And fifth, check the operation. It should appear in the transaction history of the crypto wallet.
Finally, bear in mind that the only requirements a person must meet in order to make payments or purchases with this digital currency are: being of legal age, having an account on an exchange platform, and having an available balance to make transactions.
Data: A recent report by the Directorate of National Taxes and Customs (DIAN), This ensures that Colombia currently has over 680 establishments that accept cryptocurrencies. In Bogotá alone, there are 177 sites or applications that receive these digital assets as payment, among them: Rappi and Netflix or large chains such as Exito, Carulla, Jumbo, Metro and Falabella.
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