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Cryptocurrencies Must Be Regulated – Central Bank Of C...
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Cryptocurrencies Must Be Regulated – Central Bank Of Colombia.

Highlights:

  • The use of digital assets by the country’s criminal organizations is one of the official fears.
  • Cryptocurrencies are high-risk assets and therefore should be regulated said bye the manager of the Banco de la Republica Leonardo Villar.
  • The use of Bitcoin in Colombia represents around 2% of GDP that has been estimated.

The acceptance and regulation represents a very important step for example listing risk in cryptocurrencies due to a high degree of volatility and lack of support which has been believed by the manager of The Central Bank of Colombia

In the South American country, The participation in the Congress on comprehensive risk management issuing the institute presented part of its thoughts on the future of cryptocurrencies by the senior official and also has been organized by businessmen and executives of insurance.

Veteran forces the type of activity that is highly regulated and be very careful with the way it has been carried out for the relatively high use of cryptocurrencies which have been linked to the fact it’s a very good way to handle illegal activities. It has been lodged declared illegal by the government for the use of digital assets in the company and the cryptocurrency regulation process in Columbia

$147,000,000 in Colombia have been reached in the transactions of Bitcoin along the last year and the American nations and the world where this cryptocurrency is most traded for the use and adoption of digital money in the last year.

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