Columbia’s financial security body is currently developing regulations for cryptocurrency transactions within the country. The regulatory document is rumored to be revealed soon.
The digital asset adoption rate within the country has been on the rise recently, and it looks like the government is taking it seriously. Currently, the regulatory bill has already been passed to Columbia’s Central Bank for further analysis.
This month, a different bill that regulates crypto transactions has been passed already. The regulations are already being celebrated by investors and enthusiasts alike as a step forward into the future of crypto.