How Effective Is Crypto Regulation in Latin America?
Business attorney Camilo Gantiva Hidalgo was quoted in a Financial Services Advisor article, published by The Dialogue, about cryptocurrency regulation in Latin America. Following recent efforts by both Uruguay and Colombia to solidify cryptocurrency regulation, this article discusses how effective current regulations are and what new rules may be in the pipeline. It also highlights which countries are furthest ahead in terms of crypto regulation and how well governments are balancing the need to protect consumers and stop corruption. Mr. Gantiva Hidalgo focuses specifically on the crypto landscape in Colombia.
"In Colombia, the regulation of cryptocurrencies is currently limited. However, due to the recent growth of the industry, some regulatory initiatives are being developed," he explained. "These regulatory proposals show a shift in authorities’ approach to cryptocurrency and reflect an openness to innovation. They also reflect the concerns of market participants and the nation’s interest in continuing to be a leading country in Latin America in terms of financial innovation.”