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Bitcoin ATMs are booming in this Latin American country

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Colombia now has the most important variety of Bitcoin (BTC) ATMs in Latin America. According to CoinATMRadar, Bogota, the nation’s capital, has 34 ATMs, adopted by Medellin with 11, and Bucaramanga and Cali with 4 every. Different cities with one ATM no less than embrace Armenia, Barranquilla, Cartagena, Cúcuta, La Hormiga, and Pereira.

Till not too long ago, nations equivalent to Venezuela and Argentina had been extra continuously mentioned as crypto hotspots by way of regional adoption as a result of components like political and financial turmoil. Colombia has taken vital steps in direction of regulating the nation’s crypto sphere, nevertheless, with its authorities approving a pilot program to check crypto transactions again in September. The pilot, which operates inside a not too long ago instituted regulatory sandbox, will run till December 31.

In September, the Colombian Ministry of Info Know-how and Communications, or MinTIC, launched a draft of a information calling for the general public sector to undertake blockchain know-how, together with crypto funds.

Figures released in August by Statista confirmed that cryptocurrency adoption had reached double digits in Brazil, Colombia, Argentina, Mexico, and Chile.


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