80% of Colombians plan to use cryptocurrency

The Colombian Financial Authority has published rules for regulating cryptocurrencies as the authorities seek to tighten control over digital assets due to the growing interest of the country’s residents in cryptocurrency investments.

According to researchers, about 80% of Colombians are ready to invest their own money in digital assets, and 6.1% already own cryptocurrency. The new regulations from the Colombian Financial Authority are aimed at tracking transactions, all to prevent money laundering and terrorist financing.

Recently, the newly minted President of the Republic of Colombia, Gustavo Petro, stated that he supports bitcoin and digital assets. According to Petro, cryptocurrencies will become a tool of democracy and return power from governments and banks back to the people. However, given the unstable situation on the crypto market, Gustavo Petro is not yet ready to make cryptocurrencies the country’s official means of payment.