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Blazing Trails in Blockchain Sustainability

September 2, 2023

Blazing Trails in Blockchain Sustainability, One Nation at a Time

Costa Rica, a nation renowned for its breathtaking landscapes and eco-consciousness, is gearing up to revolutionize the world of blockchain. With the ambitious goal of becoming a global blockchain hub, Blockchain Jungle emerges as the platform that will empower Costa Rica to make its mark on the sustainable blockchain revolution.

Embracing Crypto: Costa Rica's Journey into the Financial Future

In January 2021, some policymakers unveiled plans to introduce a bill regulating cryptocurrency transactions within the country. This crucial step aimed to establish a legal framework for the use of digital currencies, including the likes of bitcoin and ethereum. The bill serves a multi-faceted purpose, promoting innovation and foreign investment and driving economic growth. Additionally, it aims to combat money laundering and other illicit activities often associated with cryptocurrencies.

To oversee and regulate cryptocurrency transactions, the bill proposes the creation of a regulatory body called the Superintendencia de Criptoactivos y Actividades Conexas (SUNCA). This regulatory body would be responsible for issuing licenses to cryptocurrency exchanges and businesses dealing with digital currencies. Moreover, the bill envisages a groundbreaking move towards mainstream adoption by making it legal for workers to receive their salaries in cryptocurrencies.

Costa Rica's foray into the world of cryptocurrencies began earlier when, in 2018, the Central Bank of Costa Rica clarified that bitcoin and other cryptocurrencies were not recognized as legal tender within the nation. However, this stance did not hinder the use of digital currencies for transactions. The nation's favorable political environment and abundant supply of renewable energy have also attracted cryptocurrency mining operations.


A Nurturing Environment for Blockchain Technology

The Costa Rican government's support for blockchain technology became evident in 2018 when the Ministry of Science and Technology announced its intention to leverage blockchain to improve the transparency and efficiency of government services. This commitment to technology, combined with a sustainable outlook, laid the foundation for what was to come - Blockchain Jungle 2023.

Blockchain Jungle 2023: Cultivating a Sustainable Future

The Convention Center in Costa Rica will set the stage for Blockchain Jungle 2023 on November 16th, 2023. This one-of-a-kind event aims to bring together industry experts, innovators, and policymakers from around the world to collaborate, learn, and forge a sustainable and prosperous blockchain ecosystem in Costa Rica.

Juan C. Guerrero, the Executive Director of Blockchain Jungle, elucidates the vision behind the event: "Blockchain Jungle is our platform for sparking vital dialogue between policymakers, innovators, and industry experts. We're striving to establish a harmonious balance between technological advancement, policy formulation, and sustainable practices in Costa Rica and beyond."

The event's core objectives align with Costa Rica's commitment to sustainability and cultural heritage, providing ample localization and relevance. By encouraging investment in Costa Rica and positioning the nation as a leader in the global blockchain industry, the event aims to attract international talent and resources. It also seeks to stimulate the local economy through increased tourism and business opportunities, showcasing Costa Rica's renewable energy initiatives and eco-friendly practices to inspire other nations to adopt sustainable approaches to blockchain.


Blockchain Jungle's Impactful Agenda

Blockchain Jungle 2023 is designed to inspire change and promote sustainability across multiple key areas. The event features thought-provoking presentations from global industry leaders, interactive workshops, and masterclasses focused on green mining, sustainable blockchain solutions, and decentralized finance (DeFi).

The agenda boasts an array of engaging sessions, including keynote speeches, panel discussions, and networking opportunities. Participants will explore crucial topics such as finance, technology, the environment, and policy-making within the blockchain space. Themed breakout sessions will facilitate collaborative problem-solving, and the Innovation Lab will showcase new technologies and promising startups.

Sustainability is a core theme, and the Sustainability Village presented by FIFCO will highlight Costa Rica's renewable energy initiatives, presenting sustainable products and services from local businesses. FIFCO is a major player in Costa Rica's beverage and retail sectors, known for its dedication to sustainable business practices and committed to driving positive social and environmental change.


Blockchain Jungle also aims to foster a sense of national pride by empowering local communities and encouraging financial inclusion through DeFi solutions.

The Celebratory Finale

As the conference draws to a close, the event organizers will summarize key takeaways and outline the next steps in Costa Rica's journey towards becoming a global blockchain haven. The celebration continues with a grand concert featuring headlining performances by Costa Rican indie-pop sensation MishCatt, the dynamic multi-instrumentalist Sonia Bruno, and local electronic music producer and DJ Disto, ensuring a memorable night of entertainment and festivity.


Blockchain Jungle: Blazing Trails in Blockchain Sustainability, One Nation at a Time exemplifies Costa Rica's commitment to shaping a sustainable future through technology. With its forward-thinking approach, the country is poised to lead the way in the adoption of cryptocurrencies and blockchain solutions. As the conference pioneers this unique event, Costa Rica demonstrates how sustainability and technological advancement can come together, leaving an indelible mark on the global blockchain landscape.

Envision a sustainable future: Register today!