In an interview made by the portal Valora Analitik to Daniel Acosta, general manager for Colombia, Central America and the Caribbean of Binance, He stated that the exchange has been placing bets on markets, which they see as having great potential, and one of them has been Colombia.
According to Acosta’s statements, Colombia is the country number 15 in adoption of cryptocurrencies globallyand for Binance this shows the interest of a country that has been adopting this technology, so its bet is to continue investing in the market to make the products available globally more “tropicalized”.
“That they are more for the Colombian user and their needs”he explained to Valora Analitik.
In this sense, He also highlighted the importance of education as a key aspect to achieve these objectives.and spoke about what they have been doing to achieve that full establishment in Colombia.
“We are having meetings with the community where they can go and ask us any questions they want. Based on that, we also started to develop products that allow people to make transactions or payments with cryptocurrencies that could not be done before.”he commented.
On the other hand, he also declared that they were working hand in hand with the authorities to ensure that they could contribute in a more optimal way. “For example, in the project that removed the Financial Superintendence from the sandbox, where we partnered with Davivienda and for two years we began to understand how clients interacted with the bank to make a deposit to the exchange or withdraw money from the exchange to the bank,” Acosta said.
“We do this because we want to give Colombian consumers more options so that they do not have to go to buy a cryptocurrency from a person they do not know on the street, but rather they can do it safely on a platform like ours”he added.
Crypto regulation in Colombia
Regarding this point, Acosta mentioned that they were always very open to working hand in hand with governments and with private and public entities in different cases.. Also opined that the regulatory issue in Colombia has a very positive aspect And for Binance, part of what they did in the sandbox was to be able to give feedback as an exchange on how they saw these operations and what they have been doing globally with a very dedicated team in the countries where the regulations are established.
“We already have 15 licenses from different countries where we are already regulated and we are waiting for what happens with that second debate on Law 139, which is where it will become clearer what exchanges can and cannot do”he detailed.
“We have done more than 30 training sessions for authorities and the police globally, so that they also learn how to handle crypto issues and we make ourselves available to the Colombian government for any opportunity that appears”he concluded.
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