Colombia Declares Bitcoin and Other Digital Currencies Illegal

By Timothy Sohn Jan 2, 2017 4:55 PM EST

(Cryptocoins News) – An article published by Colombian publication PanAm Post suggests bitcoin, and digital currencies in general, are now illegal in Colombia, claiming the administrator of regulatory body announced the news recently. The news comes after the Superintendencia de Sociedades, an organization associated with the Colombian Ministry of Commerce, Industry and Tourism, announced digital currencies, including bitcoin, were prohibited in Colombia and assured the only valid currency is the peso.

Read more:
Discontent on iOS 9 Makes Bitcoin Viable Alternative to Monetize Content

Content creators are scratching their heads while trying to come up with new ways of monetizing their content. The old...