The Colombian government has enabled reporting of state debt defaults that put more than 1 million citizens at immediate risk of bank foreclosure.
The measure allows authorities to unilaterally block accounts to recover debts exceeding P148 billion. This situation has renewed interest in the country for self-custody of Bitcoin (BTC) as a haven from state intervention in savings.
According to the State Accounting General Office, the register allows: Mandatory collection process through a centralized financial system. For Bitcoin enthusiasts, this mechanism shows that money held in banks is a debt subject to the will of the state.
“This bulletin serves as a tool for defining collection policies and collections for public entities,” the agency reported on the process. This state control is in contrast to the nature of digital assets, which are protected by private keys.
The Directorate General of Taxation and Customs (DIAN) is at the top of the list of highest-reporting entities, exercising its compulsory collection powers to order direct bank seizures without the need for judicial intervention.
This unilateral block control mechanism reinforces the focus on self-management of digital assets, with access to capital dependent solely on owners rather than government mandates.
In the digital asset ecosystem, Difficult to freeze funds without owner’s permission This is positioned as a technological advantage over the banking system.
In the midst of this financial pressure, Bancolombia announced that all its headquarters and digital channels would be down for two days for maintenance.
This lack of access to capital coincides with the publication of the list of delinquents and highlights users’ dependence on third parties. The Bitcoin network, on the other hand, maintains uninterrupted operations around the clock, with no planned shutdowns.
The Official Register affects 977,754 natural persons, who face restrictions when disposing of their assets under the statutory model. As reported by CriptoNoticias, sector analysts assert that a combination of administrative foreclosures, banking service disruptions, and other factors are driving stablecoin adoption.
These tools allow citizens to Maintain sovereignty over your assets beyond the reach of official blacklists.
(Tag Translate)Banking and Insurance
