Colombia is extending a welcoming hand to the blockchain and cryptocurrency space, with newly-elected president Ivan Duque pledging to cut taxes for the industry.
In an opening speech at the annual International Congress on Information and Communication Technologies (ANDICOM), held last week, Duque revealed plans for Colombia to become the region’s leader in technology, including blockchain and cryptocurrencies. He further outlined his administration’s commitment to relieve crypto companies from rent taxes for a period of up to five years, provided they generate a certain number of new jobs.
Duque further declared his commitment to explore the use of blockchain technology to improve key sectors of the economy such as security, justice and health. The president is also interested in the potential for blockchain to curb corruption by tracking the use of public funds.
“If we want to overcome corruption, technology can be instrumental. The Government must ...
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