Colombia

Republic of Colombia is embracing the Blockchain technology and cryptocurrency industry, with Ivan Duque, a newly elected President promising to reduce taxes for the sector.

Buda.com, a giant cryptocurrency exchange in Colombia in South America banged regulators after three major banks closed up its accounts minus giving an official notice. The crypto-to-crypto exchange has approximately 35,000 verified accounts in Colombia and over 45,000 in Chile, Argentina and Peru.