The President of Colombia, Ivan Duque announced its readiness to support cryptocurrency and blockchain urged the company to open offices in this South American country. He stated at the recent International Congress on information and communication technologies, according to AMB Crypto.

As one of the measures to support cryptocurrency companies Ivan Duque suggested the abolition of taxes for up to five years. According to the President of Colombia, he wants registered company in the country began to play a greater role in the blockchain industry. He also believes that these companies will create “many jobs”, and compensate for the losses from the tax exemption.

It is noteworthy that according to the President of Colombia blockchain technology will help solve the problem of corruption in the country, as well as to improve the situation in the legal field, healthcare and security.

“It’s very strange. I’m Colombian and I know that the Colombian government was very corrupt and bought by Americans. Let’s see what happens and whether he will fulfill his promises. He promised a lot of things before being elected President and while none of his words are not fulfilled”, — commented on the initiative of Ivan Duque, the user Reddit under the nickname Debl.

Earlier, the Colombian government ordered the citizens to declare the cryptocurrency income.