Legalize Cryptocurrencies in Colombia
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In late December, Francisco Reyes Villamizar of the Colombian federal government announced that cryptocurrencies like Bitcoin and Belacoin are prohibited in the country. Cryptocurrencies sidestep Colombia’s steep banking transaction fees that corporate banks and government taxes have driven up.
We want the government to know that cryptocurrencies have a broad range of positive uses. Bitcoin helps average people store, diversify, and grow wealth. Factom stores big data at a fraction of the typical cost. In the near future, Belacoin will be integrated into Belacam: a social media site where users can post a photo and get paid for each “like” they get, creating a new type of social economy. When Colombia criminalizes cryptocurrencies, the Colombian people are deprived of these modern-day innovations.
Francisco Reyes Villamizar and the Colombian Government, we want you to recognize that cryptocurrencies carry the capacity to connect and propel people in previously unimaginable ways. We ask that you legalize the use of cryptocurrencies and open up innovation for the Colombian people.
Original news Source: https://es.panampost.com/julian-villabona/2016/12/27/colombia-bitcoin-ilegal/
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