Electronic Commerce Explores Potential to Integrate Cryptocurrency and Stablecoins into Payment Systems
Financial Services attorney Camilo Gantiva was interviewed by Valora Analitik about the challenges and opportunities posed by the increasing adoption and use of cryptocurrency and stablecoins in Colombia. Various studies estimate that close to 11 percent of the world's population already uses crypto, a figure that includes around 6 million Colombians. Although the country has emerged as one of the most dynamic crypto markets in Latin America, these digital assets are not yet legal currency and do not form part of the formal financial system. Mr. Gantiva commented on stablecoins, which have gained traction because they combine blockchain technology with a stable value base. He explained that their official incorporation into Colombia's financial system requires clear yet balanced rules.
"Stablecoins and other digital assets are emerging as a key component of the payment infrastructure of the future," he said. "The challenge for regulators will be to construct clear rules that allow us to take advantage of their potential for innovation, while guaranteeing at the same time protection for consumers and integrity of the financial system."