Colombia has announced it will launch bitcoin derivatives trading platform.
The country’s government is set to launch a new trading platform for bitcoin futures next month, and it’s said to offer traders a way to buy and sell the digital currency for Colombian dollars.
The platform will be launched in the city of Cartagna, located near the border with Colombia and the U.S.
According to a Colombian news outlet, Cartagene will offer a new digital asset trading platform called Cartagenib.
Carteiba says it will allow traders to exchange bitcoin for Colombian pesos, euros, yen, and Brazilian real, as well as for gold, silver, and copper.
The platform will also allow traders “to access the world’s most trusted exchanges, like CEX.IO, BTC-e, Bitstamp, and BTC-E Futures, which will allow them to trade and purchase bitcoins with the best price.”
Carteiges currency trading platform is said to be backed by Colombia’s central bank, and will be regulated by the countrys central bank.
The announcement comes amid the country’s ongoing economic crisis, as inflation is at nearly 20 percent, the country is experiencing a record number of murders, and drug-related killings have soared.
The government has been unable to stem the increase in violence and corruption.
Cartagena is a city of 1.5 million people, located in the western state of Paraíba, on the country s southern border with Argentina.
The city’s capital, Bogota, is located in neighboring Colombia, and is the capital of the country.