Will Colombia be the next to regulate cryptocurrencies?

Colombia will soon begin a new presidential term, with it changes will come, and many expectations have been generated, especially in the financial sector.

For this, the new finance minister has already been elected; Who is José Antonio Ocampo, is an economist with a lot of experience at the international level and who knows in detail the current panorama of the country, this appointment brought tranquility to the economic sectors.

He will face great challenges such as inflation and the unemployment rate, and especially a new challenge for many Latin American countries, cryptocurrencies and their integration into the current economy.

In the international field, Ocampo served as executive director of ECLAC between 1998 and 2003 | Reuters

Colombia currently has the issue of crypto assets under debate and with great expectations regarding regulation, although it is still too early to know what will happen, the community and the crypto industry are hopeful in this new path.

Mauricio Tovar, CEO of Tropikus and a great crypto reference in the country, recognizes that it is a great opportunity due to the experience of Jose Antonio Ocampo.

“It is very good news. He is one of the most important and recognized economists in the country, and I believe that it is a very positive message to the market, and an indication of how the new government will handle the economy. Important challenges are coming, with the high inflation that Colombia is experiencing, with the extremely high indebtedness that remained from the last government. In addition, we are waiting to find out what the position will be around new technologies and Bitcoin, to give citizens alternative access to financial services”

Mauricio Tovar

For Mauricio Tovar, more than challenges, they are opportunities that must be taken into account, and that must be taken advantage of.

A very relevant point that Mauricio Tovar mentions is the possibility that, in the future, tax payments can be made with cryptocurrencies.

To conclude, we will talk a little about the profile of the newly elected minister; He was born on December 20, 1952, in the city of Cali, he is a graduate of the University of Notre Dame in the United States, where he studied economics and sociology, he obtained a doctorate in economics from Yale University.
He has served as United Nations Under-Secretary-General for Economic and Social Affairs. Being the Colombian to obtain the highest position in the UN, this makes him a person with the knowledge and experience to lead cryptocurrencies to a legal and regulated model.