A top official who oversees Colombia’s financial regulation and tax collection agency says that the second-most populous South American nation is exploring the idea of rolling out its own digital currency.
In a new interview with Semana magazine, National Tax and Customs Directorate (DIAN) director general Luis Carlos Reyes says that the government of newly-elected President Gustavo Petro is considering the creation of a CBDC or central bank digital currency.
CBDCs are an electronic form of government-backed money issued and regulated by a nation’s central bank. Reyes says that the primary objective of creating a CBDC is to curb tax evasion, […]
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