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[Yusra31]

Colombia's Central Bank has announced its involvement in the country's first blockchain bond programme. This pilot programme, which was issued by Davivienda, one of Colombia's most major commercial banks, with assistance from the Interamerican Development Bank (IDB), aims to investigate the merits of the new technology and its applicability for future bond issuances.

These benefits would include the potential reduction of operational costs, the optimization of process times, greater efficiencies in the traceability and security of operations, the elimination of information asymmetries, and better risk management, according to the official announcement from the Central Bank of Colombia.

 

[LutherKing]

Well , that is true it reduces the cost of priniting machine , operational cost , time saving , space saving and sometime good returns vs normal money tbh actually

 

[Wisdom01]

apart from the Blockchain bond program the central bank of Columbia is bringing up ,I think I love the way banks are adopting the Blockchain project and technologies ,their involvement is actually a big development and deal to talk about , hopefully they font stop putting interest

 

[Horia_10]

Banks are doing such things so they can regulate the Crypto assets markets and can stop the users from.doing money laundering activities

The people have actually made things that have made the governments forced to take such decisions

They just want you to do act accordingly as per the rules which is fair I think

 

[Wisdom01]

Banks are doing such things so they can regulate the Crypto assets markets and can stop the users from.doing money laundering activities

The people have actually made things that have made the governments forced to take such decisions

They just want you to do act accordingly as per the rules which is fair I think

I think you are right , probably this could have contributed more to their activities in creating Blockchain technology to actually help provide better security network that would prevent scam activities from takimg place ,but I really love the bank involvement in cryptocurrency

 

[Horia_10]

I also agree to that ; and if the central bodies want in my country just a service like binance ; I would be asking 3x security deposit ; non refundable and non-cashable in case of a scam like Terra that would save my Country ; the governments have to be diligent when making such schemes and allowances for their people .