In an interview for a local media, the new director of the DIAN confirmed that the creation of a CBDC is among the plans, while associating this measure with some of the tax reforms designed to prevent tax evasion.
- The director of the DIAN confirmed that there are plans for a new digital currency
- He also spoke about certain measures to curb tax evasion.
- He cited imposing limits on cash cash is the most liquid form of money: physical coins and banknotes in the most narrow sense of the term. transactions.
- Reviewed the need for record-keeping of transactions
- Stance on major cryptocurrencies for Petro government unknown
The new director of the Directorate of National Taxes and Customs of Colombia (DIAN) Luis Carlos Reyes, revealed that among the state’s plans is the creation of a digital currency.
Plans for the creation of a digital currency in Colombia
This was confirmed by Reyes during una entrevista para el medio local EVERYWHERE , where he indicated that this measure would be accompanied by a set of monetary policies that the recently elected president, Gustavo Petro, plans to promote, precisely within the framework of the tax reforms that he plans to implement once they are approved by the local Assembly.
Regarding this initiative, Reyes did not offer many details, but commented the following:
“The creation of a digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency… a digital currency currency is a medium of exchange that defines value. that makes these transactions easier for the consumer.”
A noteworthy aspect is that during the interview conducted by the media WHERE, the idea of a digital currency for the Colombian state came hand in hand with another reform proposed by President Petro’s administration, in which it seeks to close refers to the closing price; similar to the same term used in stock trading. avenues for people to carry out cash transactions exceeding COP $10 million (USD $2,350 approx). According to the official, the use of banknotes for large transactions could be associated with tax evasion.
Regarding the latter, Reyes said at the time during another interview with the media that the figure for tax evasion “takes between 6% and 8% of the Gross Domestic Product (GDP)”, This is why it is important to avoid “below the line” capital capital is most commonly defined as the large sum of money you would use to invest. movements, as the new director of the DIAN.
Returning to the idea of the Colombian digital currency, this premise would also go hand in hand with one of the ideas raised by Reyes about limiting cash payments that exceed certain amounts, a point on which he mentioned the following:
“One of the important objectives is that when payments of a certain amount are made, they are recorded in an electronic medium.”
The idea of the creation of a digital currency issued by a central bank (CBDC) brings to the table various perspectives, ranging from the most optimistic ones focused on the practicality of operations, to the most pessimistic ones that point to greater control over the financial freedoms of residents.
In the case of Colombia, the idea of its own digital currency could aim to eliminate certain loopholes that currently lend themselves to crimes of a financial nature, but this also implies much stricter oversight of residents and their financial spending.
A country that has already begun to implement its own CBDC es China, ya que el yuan digital actualmente se utiliza en varias provincias del país asiático. Acá críticos y analistas señalan a la moneda digital como una nueva herramienta de control por parte del gobierno chino, en especial ante la negativa de que a nivel local se empleen otras criptomonedas que no estén bajo el control del estado, como por ejemplo Bitcoin.
Colombia and cryptocurrencies
As for Colombia, the perspective presented by Reyes comes in the midst of the boom in cryptocurrencies in the South American country, which registers one of the highest volumes of commercial operations in the region.
While President Petro’s administration is just taking office, there have been several efforts in Colombia to try to regulate in this area. On the one hand we have the plans of the UIAF, which contemplated imposing reports to commercial operations with cryptocurrencies that exceed the equivalent of USD $150, and on the other hand, legislative initiatives such as the one promoted by former congressman Mauricio Toro, who presented a first proposal to regulate crypto exchanges in the country.
For now it is unknown what plans President Petro’s administration will have for cryptocurrencies, although as part of the tax reform it is being contemplated that certain platforms and streaming services will start paying taxes in the country. It is not known if this measure would also cover international exchanges and P2P the decentralized interactions between parties in a distributed network, partitioning tasks or workloads between peers. services with a presence in Colombia, such as Binance or LocalBitcoins, which register significant volumes of operations in the nation.
On the citizenship side, what does seem to be clear to residents according to a recent survey conducted by DiarioBitcoin is that given the economic situation in the country, coupled with the macro conditions that are felt in the most prominent economies in the world, the option a contract giving the buyer the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price. is still to save in cryptocurrencies.
- New Blockchain-based prototype for land registration presented in Colombia
- Venezuela, Colombia, Brazil and Peru are in the top 20 countries with the highest percentage of crypto owners, according to the UN
- MinTIC Colombia publishes second version of the guide for Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. adoption at the state level
- Saving in cryptocurrencies is an option regardless of who the president of Colombia is: survey
Article by Angel Di Matteo / DiarioBitcoin
Imagen de Unsplash