FROM STABLECOIN PROMISE TO PAYMENT INFRASTRUCTURE What could Circle’s latest USDC developments mean for Curaçao? Stablecoins are cryptocurrencies with value that is connected to another currency, commodity, or financial instrument, such as the US dol... Finance
LOCAL BITCOIN PAYMENTS AND STABLECOIN REMITTANCES IN CURAÇAO: THE ROAD AHEAD In a world racing toward digital finance, Curaçao is still finding its footing. If you’ve ever tried to pay with Bitcoin in Curaçao, you know it’s not exactly a smooth ride. Yes, there are a few place... Finance
BEYOND THE CARIBBEAN GUILDER: MORE THAN JUST A NAME CHANGE The upcoming introduction of the Caribbean guilder in Curaçao and Sint Maarten marks a significant shift in the financial landscape of these island nations. Set to officially launch on March 31, 2025,... Finance
PROJECT AGORÁ: ENHANCING CORRESPONDENT BANKING EFFICIENCY Project Agorá, led by the Bank for International Settlements (BIS), aims to modernize cross-border payments by creating a multi-currency unified ledger. Launched in 2023, Project Agorá brings together... Finance
COMPANY CLASSIFICATION IN FOREIGN EXCHANGE CONTEXT: LOCAL VS. OFFSHORE Determining whether a company is classified as local or international (offshore) is a common challenge for many business owners in Curaçao and Sint Maarten. This distinction can often be confusing due... Compliance Finance
REVISED FOREIGN EXCHANGE REGULATION CURAÇAO AND SINT MAARTEN The Central Bank of Curaçao and Sint Maarten (CBCS) will implement a revised foreign exchange regulation on October 1, 2024, designed to reduce the administrative burden of the licensing process and s... Compliance Finance
FOREIGN EXCHANGE LICENSE VS. FOREIGN EXCHANGE EXEMPTION – WHAT’S THE DIFFERENCE? “Foreign exchange license” and “foreign exchange exemption” are distinct regulatory concepts related to the operation of foreign exchange businesses. Both play a vital role in maintaining a robust and... Compliance Finance
UNDERSTANDING THE LANDSCAPE OF CURAÇAO’S FOREIGN EXCHANGE POLICIES Foreign exchange regulation in Curaçao is governed by a series of intricate legal frameworks designed to maintain economic stability and foster growth. The regulations established by the Centrale Bank... Compliance Finance
DEVELOPING A BOND MARKET IN CURAÇAO: WHY HAS IT BEEN SO DIFFICULT? Curaçao has a rich cultural heritage and a strategic location . However, despite its potential, developing a vibrant bond market has been challenging. This article explores the factors contributing to... Finance
UNVEILING THE FINTECH POTENTIAL IN CURAÇAO AND SINT MAARTEN: KEY FINDINGS AND NEXT STEPS “ The Rise of Financial Technology in Curaçao and Sint Maarten: An Exploratory Analysis”, a report by the Centrale Bank van Curaçao en Sint-Maarten (CBCS) provides an in-depth analysis of the growing ... Business Operations Finance
TRANSPARENCY AND ACCOUNTABILITY: THE KEY ROLE OF THE SUPREME AUDIT INSTITUTION IN GOVERNMENT How often do we wonder how the government spends taxpayers’ money? The supreme audit institution is an independent oversight body within a government that ensures transparency through research and rep... Compliance Finance
TRANSPARANTIE EN VERANTWOORDING: DE SLEUTELROL VAN DE REKENKAMER IN DE OVERHEID Hoe vaak vragen we ons af hoe de overheid het belastinggeld besteedt? De rekenkamer is een onafhankelijk controleorgaan binnen een overheid die met onderzoek en rapportage voor transparantie zorgt, zo... Compliance Finance