The Colombian Industry and Commerce Superintendence (SIC), the personal data protection authority of the country, has formulated charges against Worldcoin, the biometric digital ID project, for violations of the personal data regime. The institution stated that the accusation focuses on determining whether Worldcoin violated Colombian law in its handling of the personal and private data…
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Worldcoin, the iris-scanning biometric proof-of-personhood project, announced on Thursday the launch of its operations in Colombia. Via social media, the project reported that eye-scanning operations were already available in Bogota and Medellin, for World ID users. Currently, only ten locations with orbs (iris scanning machines) are available, six in Bogota and four in Medellin. Nonetheless,…
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Bancolombia Group, Colombia’s largest bank, launched the cryptocurrency exchange Wenia on May 3, marking a major step in the country’s crypto evolution. According to the announcement, the development follows nearly a decade of research and signifies the bank’s dedication to Colombia’s crypto market. Colombia’s Wenia and COPW Wenia, alongside the newly introduced Colombian peso stablecoin…
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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentine President Javier Milei warns about the dangers of collectivism at Davos, the Venezuelan petro is still alive, and Colombia works to regulate crypto.
Javier Milei Defends Capitalism and Entrepreneurship at Davos…
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Samson Mow, CEO of JAN3, and other blockchain experts, met with Colombian President Gustavo Petro to discuss the possible uses blockchain and bitcoin tech could have to help modernize the management of certain institutions of the Colombian state. Colombian President Gustavo Petro Discusses Blockchain and Bitcoin Implementation Gustavo Petro, president of Colombia, announced on November…
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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Central Bank of Argentina is pushing for the introduction of the digital currency “as soon as possible,” Bitfinex makes P2P transactions free in Argentina, Colombia, and Venezuela, and the Salvadorean vice-president links…
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A stablecoin pegged to the Colombian peso (COP) has gone live on the Polygon network, stablecoin issuer Num Finance announced on Thursday. The new stablecoin, called nCOP, is a traditional fiat-backed stablecoin, and was described by Num Finance in a post on X as “overcollateralized” in a way that “guarantees rock-solid stability and security.”… Read…
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Num Finance received $1.5 million in a pre-seed funding round in May and is now issuing stablecoins in the local currencies of Argentina, Peru and Colombia. Argentina-based Num Finance has announced it has gone live with a n stablecoin pegged to the Colombian peso, the company announced Aug. 24 in an X post. The stablecoin…
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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Bolivian President Luis Arce calls for de-dollarization at the Southern Common Market Summit, Reserve drops fiat services in Latam, and Argentina postpones a $2.6 billion IMF payment. Bolivian President Calls for De-Dollarization and…
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The launch announcement followed expansion moves by Bitfinex into El Salvador and Chile through licensing and partnerships, respectively. Digital asset exchange Bitfinex has launched a peer-to-peer (P2P) trading platform in Venezuela, Argentina and Colombia. In a June 27 announcement, the crypto exchange said it had started the “Bitfinex P2P” platform allowing users in the South…
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