Paraguay plans to redeploy seized hardware for bitcoin mining while Colombia moves forward with a comprehensive crypto regulatory framework; fintech Ualá raised $195 million to expand across the region.
Colombia’s central bank has finalized a draft law treating digital assets as representations of real‑world assets, proposing central bank oversight of stablecoins and Financial Superintendence supervision of VASPs. The move aims to provide legal clarity for issuers and service providers.
AFP Protección will offer a Bitcoin-linked fund to qualified investors while keeping core pension allocations unchanged. The move signals cautious institutional adoption of crypto in Colombia.
Colombia’s tax authority DIAN issued Resolution 000240 requiring cryptocurrency service providers to report transaction data, expanding oversight of the sector. The move aims to boost transparency and support tax and anti‑money‑laundering enforcement.
Kraken now allows users in Colombia to fund accounts with Colombian pesos, introducing local payment options. Kraken says the move provides Colombians with a secure, lower-friction entry point into crypto.