RATE Group | After Malta, Colombia welcomes cryptocurrency and blockchain technology firms
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After Malta, Colombia welcomes cryptocurrency and blockchain technology firms

02 Sep After Malta, Colombia welcomes cryptocurrency and blockchain technology firms

Posted at 09:28h in Cryptocurrency News by

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Cryptocurrency has been getting a wave of support from several countries. The most notable one being Malta, which drew the attention of all the biggest cryptocurrency firms in the world. This was followed by CZ, the CEO of Binance, the biggest cryptocurrency exchange platform in the world in terms of trade volume, announcing that they will be setting-up their operations in the country. This resulted in Malta becoming the ‘Blockchain island’.

Recently, the President of Colombia, Ivan Duque, announced his support towards cryptocurrencies at the International Congress on Information and Communication Technologies. He has invited all the cryptocurrency firms to set up their business in the country. Along with this, the President of Colombia has stated that they will not impose income tax on any of the cryptocurrency firms based in Colombia for the 5 years.

He stated that he wants the firms to be formed to the country so that they can be a ‘great player’ in the…

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