Colombia’s capital city, Bogota, has unveiled a 2.8 billion Colombian peso ($750,000) investment program to finance blockchain companies.

CORRECTION (June 25, 17:30 UTC): An earlier version of this story failed to convert from Colombian pesos to U.S. dollars. The funding committed to Bogota‘s blockchain investment program totals $750,000, not $2.8 billion, as was previously reported.

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