THELOGICALINDIAN - The Superintendency of Corporations in Colombia has explained in an official agenda that companies in the country are accurately accustomed to buy cryptocurrencies accurately bitcoin BTC to inject basic as continued as they accept by bounded regulations
Colombian Watchdog: Local Firms Can Use Capital to Buy Bitcoin if Companies Demonstrate Tokens Are ‘Intangible Assets’
According to the publication, the Colombian babysitter acicular out that although crypto assets acceptance in the banking sectors is “still” not regulated, there are no acknowledged prohibits to inject basic via bitcoin (BTC) – the alone crypto asset mentioned in the document.
However, they antiseptic the tokens should accommodated the belief of “intangible assets,” according to the analogue granted by the country’s tax babysitter to cryptocurrencies, Directorate of National Taxes and Customs (DIAN), which reads as follows:
But the care still warns Colombian companies who handle cryptos such as bitcoin should be acquainted of the “high risks” that it carries and “the abridgement of bounded of adjustment that surrounds it.”
Companies Are Not Under Special Regulations When Converting Capital to Bitcoin
Moreover, the babysitter calls firms to accept by the attempt of acceptable acceptance and adherence with their businesses back they accord with cryptocurrencies. They’re still accurately accountable in the case that crypto’s amount suffers abrupt amount depreciation.
In fact, the Superintendency of Corporation reminds bounded companies that converting basic to bitcoin doesn’t admission them appropriate regulations.
In the document, the Colombian article mentioned the approval of a pilot program by the country’s government on September 22, 2020, that calls companies to analysis crypto affairs aural the ambience of a authoritative head accustomed by the superintendence.
What do you anticipate about the accepted attitude of bounded Colombian authorities appear cryptos? Let us apperceive in the comments area below.
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