TL;DR

Colombia is working toward a future where citizens will be able to buy crypto via their traditional banking accounts.
Colombia created a “Sandbox” (or LaArenera) which presents a unique Latin American crypto experiment that kicked off last year after being approved by the government in 2020.
With this Sandbox, Colombian banks to partner with major crypto exchanges like Binance and Bitso to allow citizens to acquire Bitcoin, Ethereum or other digital assets.
Financial Superintendence of Colombia published a new regulation draft (see attached below) which was open for public to comment until August 12, 2022. All comments were sent to [email protected]
The Colombian government is looking at creating a digital currency, local media are reporting. As per a Semana report, the country’s Head of the Colombian Tax and Customs National Authority, Luis Carlos Reyes, argues that the new president will seek to introduce a digital currency to tackle tax evasion that, at the moment, equals around 8% of the country’s GDP.