American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Politics

LATAM crypto update: Colombia plans crypto regulations, Nexo and Sphere to reduce cross-border payment times

by admin March 9, 2025
March 9, 2025
LATAM crypto update: Colombia plans crypto regulations, Nexo and Sphere to reduce cross-border payment times

LATAM’s cryptocurrency landscape continues to grow.

This week, a key development was Colombia’s new initiative to regulate crypto activities in response to increasing risks and challenges.

Meanwhile, Nexo and Sphere partnered to significantly reduce cross-border payment settlement times in Latin America, cutting them from days to just hours.

Colombia’s new regulatory framework for crypto activities

Colombia announced a project to regulate the digital assets activities in the country.

This initiative was led by one of the few advocates of blockchain technology, Senator Gustavo Moreno.

Cointelegraph reported that the plan aims to promote innovation in blockchain projects while protecting users.

It emphasizes the importance of regulation in emerging financial technologies.

Since more than 5 million Colombians carried out operations with cryptocurrencies and close to 50 trillion Colombian pesos (about $13.3 billion) were traded in the last year, concerns about scams and illegal activities are growing.

Moreno stressed that the lack of a good legal framework means that many Colombians are exposed to fraud.

This is where the proposed legislation comes in, he said.

The goal is to promote blockchain technology, regulate the industry, and establish a framework that prioritises transparency and user protection.

These initiatives are crucial for boosting consumer and investor confidence in Colombia’s crypto market and advancing blockchain technology across many industries.

Nexo and Sphere partner to transform cross-border payments in LATAM

To advance the cross-border payment landscape in Latin America, Nexo, a digital asset platform, announced its strategic partnership with Sphere, a provider of scalable blockchain-based solutions.

The partnership is designed to offer a fast, low-cost, and regulation-compliant settlement.

According to Cointelegraph, the collaboration aims to help make it more convenient to conduct international commercial payments.

At the center of this partnership is the concept of “almost instant settlement,” since Sphere’s infrastructure decreases the payment settlement time from days to hours.

Nexo and Sphere are accelerating payment processes for businesses dealing with the growing pain of cross-border transactions by offering a more cost-effective and convenient solution.

According to both Nexo and Sphere, this partnership is crucial in a rapidly changing fintech landscape, particularly in regions affected by economic uncertainty.

This partnership connects legacy and digital assets for faster transaction speeds whilst remaining compliant, said Savina Boncheva, COO of Nexo,

MERGE Buenos Aires: blockchain and Web3 convention set for 2025

Organizers of the event told Cointelegraph that the gathering “will present the most relevant innovations of blockchain and Web3 technology in Argentina.”

The goal is to establish Buenos Aires as the hub for one of today’s most disruptive sectors.

MERGE Buenos Aires aims to unify tech culture and business, inspired by the success of its last edition in Madrid, where it brought over 2,500 attendees and 250 international experts together.

This planned event will enrich cooperation between stakeholders.

MERGE Buenos Aires will unite the leaders of the largest technology and financial corporations, the most promising startups, legacy institutions, and government figures from around the world for three days.

Participants will discuss technology transformation policies aimed at integrating traditional finance and cryptocurrency to meet global financial needs.

The post LATAM crypto update: Colombia plans crypto regulations, Nexo and Sphere to reduce cross-border payment times appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Top 3 ‘best-in-class’ stocks to buy on the recent pullback
next post
Gap turnaround: here’s what Richard Dickson has achieved in 1.5 years

Related Posts

Trump says NY Judge Merchan ‘thinks he is...

April 26, 2024

CCP flagship newspaper touts Biden campaign’s TikTok, criticizes...

March 2, 2024

IMF Chief warns of economic uncertainty amid US-China-EU...

April 19, 2025

Powerless over power: After shifts in GOP landscape,...

March 2, 2024

Affirm secures largest-ever funding: what it means for...

December 15, 2024

International Criminal Court: 20 years, billions spent, limited...

May 25, 2024

New poll reveals which party is more enthusiastic...

May 1, 2024

How the US used AI to take on...

August 4, 2024

Vulnerable House Dem dodges question on VP Harris’...

July 24, 2024

Joe Biden, you’re no Harry Truman

March 9, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • How Donald Trump’s immigration crackdown may tank the labor market

      August 4, 2025
    • Trump’s tariff threat looms over India’s Russian oil deals

      August 4, 2025
    • Trump moves nuclear submarines near Russia: what triggered the move and what’s ahead

      August 3, 2025
    • BOE rate cuts offer little relief as UK households face mounting financial strain

      August 3, 2025
    • Retail investors shift focus to Europe as US valuations stretch

      August 3, 2025

    Categories

    • Business (3,583)
    • Investing (2,703)
    • Latest News (2,031)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved