Latam Crypto Update: Colombia plans for encryption regulations, Nexo and SPHERE to reduce border payment times
Latam’s landscape is still growing.
This week, the new initiative of the new Colombia to organize encryption activities was in response to increased risks and challenges.
Meanwhile, Nexo and SPHERE have made a partnership to reduce the vibrant -border payment times in Latin America, and reduce them from only days to hours.
The new organizational framework for Colombia for encryption activities
Colombia has announced a project to organize digital asset activities in the country.
This initiative led one of the few defenders of Blockchain technology, Senator Gustavo Moreno.
Cointelegraph I mentioned that the plan aims to enhance innovation in Blockchain projects while protecting users.
It emphasizes the importance of organizing in emerging financial technologies.
Since more than 5 million Colombians have performed operations with encrypted currencies and about 50 trillion Buso Colombian (about 13.3 billion dollars) they were traded last year, and concerns about fraud and illegal activities increased.
Moreno stressed that the lack of a good legal framework means that many Colombians are fraud.
This is where the proposed legislation comes.
The goal is to enhance Blockchain technology, industry regulation, and create a framework that gives priority to transparency and user protection.
These initiatives are decisive to enhance the confidence of consumers and investors in the encryption market in Colombia and enhance Blockchain technology in many industries.
Nexo and SPARE partner to convert across border payments in Latam
To enhance the border payment scene in Latin America, Nexo, a digital asset platform, announced its strategic partnership with SPHERE, which is an provider of developable developmentable solutions.
The partnership is designed to provide a quick and low -cost leveling, and the regulations are compatible.
According to Cointelegraph, cooperation aims to help make it more convenient to conduct international commercial payments.
At the center of this partnership, there is a concept of “almost immediate settlement”, since the SPARE infrastructure reduces the time of the payment of the payment from days to hours.
NEXO and SPARE speed up the payments of companies that deal with the growing pain of cross -border transactions by providing a more cost -effective solution.
According to NEXO and SPARE, this partnership is very important in the quickly changing Fintech scene, especially in areas affected by economic certainty.
Savina Ponchiva, Operations Manager at Nexo, said, said.
Merge Buenos AIRES: Blockchain and Web3 Convert Group for 2025
The organizers of this event told Cointelegraph that the assembly “will present the most innovation related to Blockchain and Web3 technology in Argentina.”
The aim of this is to create Buenos Aires as the axis of one of the most unhappy sectors today.
The Merge Buenos Aires aims to unify the culture and works of technology, which is inspired by the success of its last version in Madrid, where it gathered more than 2,500 attendees and 250 international experts together.
This planned event will enrich cooperation between stakeholders.
Merge Buenos Aires will unite the leaders of the largest technological companies, financial companies, promising startups, old institutions, and government figures from all over the world for a period of three days.
Participants will discuss technology transfer policies aimed at integrating traditional financing and cryptocurrencies to meet global financial needs.
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