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The Superintendence of Commerce and Industry of Colombia (SIC) decided to terminate the data treatment activities of Sam Altman’s World due to their continued noncompliance with national data laws. The SIC stressed that World Foundation failed to present a comprehensive personal data treatment plan. Colombia Hits Sam Altam’s World’s Activities, Terminates Data Treatment Operations The … Read more
Moneygram, a remittance industry giant, is gearing up to include stablecoin-powered operations for its cross-border transactions in Latam, adopting USDC in collaboration with Crossmint. The move aims to cut costs and retain users who are pivoting to stablecoins. Moneygram Pushes Stablecoins in New App to Debut in Latin America Moneygram, a global remittance platform servicing … Read more
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how Colombia faces a difficult task in introducing a CBDC to modernize the financial system in a country where cash is still king. Latam Insights Encore: Colombian CBDC Won’t Fly Unless … Read more
According to Maghnus Mareneck, co-CEO of Interchain Labs, the Colombian government will be testing a still-unannounced CBDC on the Cosmos network. Colombia aims to target cross-border payments with this new CBDC, which has just emerged from stealth with this announcement. Colombia Hops Onto the CBDC Bandwagon With Stealth CBDC Pilot Colombia would be the latest … Read more
Ripple is unleashing the XRP Ledger to revolutionize Colombia’s farming economy, powering traceability, sustainability premiums, and microfinance access for smallholder farmers. Ripple Leverages XRP Ledger to Support Colombian Farmers With Blockchain and Microfinance Ripple announced on May 15 the launch of its second pilot this year with Mercy Corps Ventures, working in partnership with traceability … Read more
The Trump Administration has debuted the use of one of its strongest weapons, the spending power of the American people, against Colombia. With a sweeping tariffs announcement, Trump compelled the Colombian government to accept repatriation flights, ending a 1-day crisis swiftly. Tariffs, Tariffs, Tariffs: Trump’s ‘Tradefare’ Weapon to End Colombia’s Deportee Crisis The Trump Administration … Read more
Maybe CBDCs are less inevitable than some people think. Go to Source
The Colombian Industry and Commerce Superintendence (SIC), the personal data protection authority of the country, has formulated charges against Worldcoin, the biometric digital ID project, for violations of the personal data regime. The institution stated that the accusation focuses on determining whether Worldcoin violated Colombian law in its handling of the personal and private data … Read more
A survey conducted by Binance revealed that more than half of all cryptocurrency users in Latin America utilize crypto as a long-term investment, choosing to hold onto their digital assets. The survey, which polled 10,000 users from Argentina, Brazil, Colombia, and Mexico, indicates that the number of users in this group exceeds the number of … Read more
Lightspark will also integrate the Universal Money Address standard for Nubank, which gives an email-like address for users to send and receive money. Go to Source
