Bitcoin =’s Freedom – National Digital Currencies = Control – Case in Point Colombia

Although the newly-elected president is pro-Bitcoin, the head of Colombia’s tax and customs agency would like to implement a national digital currency to avoid tax evasion. They always use “it’ll make things easier” or “more secure” – across the board these things are always traps to eradicate and erase freedoms in trade for less complication and a false sense of comfort

Colombia to prevent tax evasion with national digital currency: Report

“Luis Carlos Reyes, the head of the Colombian Tax and Customs National Authority, claimed that the government of newly inaugurated Colombian President Gustavo Petro will seek to create a digital currency to prevent illicit financial activity like tax evasion.

Colombia’s digital currency plans are part of the country’s new monetary policy measures aiming to increase transparency of financial transactions, the official said in an interview with the local magazine Semana. According to the report, tax evasion in Colombia is estimated to account for 6% or 8% of the country’s gross domestic product so far.

Reyes also pointed out that a potential digital currency would be a major benefit for user experience, stating: ‘The creation of a digital currency would make these transactions easier for the consumer.’”


Master Asked on August 17, 2022 in Cryptocurrency.
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