El Salvador’s big push to recognize bitcoin as a legal tender is influencing other Central and South American countries to test the waters in this regard.
Colombia is one of such countries that could be set to launch itself into the crypto space.
The Presidential Digital Transformation advisor Jehudi Castro Sierra talked up bitcoin during an interview with CryptoPotato.
Sierra asserted that the world’s biggest cryptocurrency (bitcoin) is the “most brilliant piece of software”.
Is Colombia set to embrace Bitcoin?
Castro Sierra’s statement may sound like mere admiration but it could spark the beginning of the country’s expedition into the crypto space.
“Currently, one of the main focuses is around cryptocurrencies. We have an innovative sandbox where we allow exchanges to reach the citizens in an easy and secure way. The idea is with the information collected on this sandbox to have a friendly regulation that incentivizes innovation and attracts investment.”
He added: “I approached Bitcoin as a great open-source project. After some time, I also got interested in the monetary innovation that it represents, and I am still discovering amazing new things every day.”
Sierra maintains that his role strictly centers around technology and digital transformation.
However, he is a top member of the government’s caucus, and his words certainly carry weight.