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Colombian's Corporations Got Green Light To Invest Capital Into Bitcoin

Mary Liu

Summary: Superintendencia de Sociedades, the Colombian regulator released an announcement that local companies can use their capital to invest in Bitcoin, companies need to comply with existing business regulations and the purchased crypto should meet the standards as intangible assets. The announcement also pointed out that local authorities do not regard cryptocurrency as a type of ...

Superintendencia de Sociedades, the Colombian regulator released an announcement that local companies can use their capital to invest in Bitcoin, companies need to comply with existing business regulations and the purchased crypto should meet the standards as intangible assets. The announcement also pointed out that local authorities do not regard cryptocurrency as a type of money or legal currency, and it cannot be used as a payment method.

By Mary Liu

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