Colombia’s new president appears to become a fan of Bitcoin

Gustavo Petro, who lately won the 2022 Colombian presidential election, has formerly made statements in support of cryptocurrencies.

Petro will replace Iván Duque Márquez because the president of Colombia on August 7 for 4 years after winning the 2nd round of the run-off election on Sunday. Obama-elect required to social networking in December 2017 soon after a significant bull go to speak around the “strength” of Bitcoin (BTC). Petro hinted at that time that cryptocurrencies like BTC could remove power from government and traditional banks and send it back to folks.

His running mate, Francia Márquez, who’ll end up being the v . p . of Colombia, continues to be largely silent on crypto-related policies. A few of the president-elect’s remarks from 2021 incorporated a reaction to El Salvador President Nayib Bukele’s concept of building volcano-powered crypto miners by which he recommended the country make use of the natural sources of their western shoreline to mine crypto.

“Virtual currency is pure information and for that reason energy,” stated Petro at that time.

With Petro set to consider office in August, the politician many have referred to as “leftist” will join other world leaders who’ve enacted policies or else spoken in support of crypto adoption. Bitcoin continues to be recognized as legal tender in El Salvador since September 2021. In April, Panama’s legislature approved an invoice that will have produced a regulatory framework for crypto, but President Laurentino Cortizo partly vetoed the measure in June, citing concerns about Anti-Money Washing, or AML, rules.

Related: Colombia clamps lower on crypto tax evasion as adoption thrives

With roughly 52 million people residing in Colombia, the South American nation is a most active in crypto buying and selling in the area, based on data compiled by Usefultulips. In Feb, major Latin American crypto exchange Bitso launched in Colombia included in an attempt to ​​promote adoption and financial inclusion.

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