Colombia Unveils Blueprint for Central Bank Digital Currency (CBDC) and Crypto Regulatory Framework

Colombia’s finance minister announces plans for a Central Bank Digital Currency (CBDC), along with a bill to regulate cryptocurrencies.

Speaking at a conference called “The banking of the future: 100 years later” on October 25, 2023, Colombian finance minister Ricardo Bonilla said that Colombia will have a CBDC, but in order for that to succeed, cryptocurrencies must be regulated.

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