Bancolombia to Deal Crypto Trading in Financial Regulator’s Pilot Program
< img width=" 1280" height=" 720" src=" http://investincryptocoins.com/wp-content/uploads/2021/12/qpmYSb.jpg" class=" story __ img short article __ poster" alt=" Bancolombia to Deal Crypto Trading in Colombian Regulator's Pilot Program" loading= "lazy "> Bancolombia, Colombia’s biggest bank, will be providing cryptocurrency trading to consumers in a pilot program within a regulatory structure established by the nation’s monetary regulator, the Superintendencia Financiera de Colombia( SFC ).
Consumers of the Colombian bank will have the ability to trade bitcoin, ether, litecoin, and bitcoin money. Bancolombia to Offer Cryptocurrency Trading to Clients in Regulative Sandbox Bancolombia, the biggest bank in Colombia by total possessions, is set to offer cryptocurrency trading to consumers in collaboration with cryptocurrency exchange Gemini, a New York trust business and custodian managed by the New york city State Department of Financial Services.
Cynthia Del Pozo Garcia, the exchange’s principal of technique & & business advancement, revealed Monday that beginning Dec. 14:
Gemini and Bancolombia will introduce a partnership to supply an initial mate of customers of the Colombian bank a smooth on- and off-ramp to trade bitcoin (BTC), ether (ETH), litecoin (LTC), and bitcoin money (BCH) through the Gemini exchange.
The collaboration with Bancolombia “likewise works as an important step towards the tactical growth” of its existence in Latin America, Gemini kept in mind.
The exchange included:
Our collaboration is part of an one-year pilot program run by Colombia’s financial regulator, the Superintendencia Financiera de Colombia (SFC), and will offer users seamless and safe and secure access to crypto.
In January, the Superintendencia Financiera de Colombia announced that nine crypto efforts will be permitted to evaluate their items within the La Arenera regulative sandbox.
Besides the Bancolombia and Gemini partnership, other collaborations in the sandbox are Banco de Bogotá and Bitso; Banco de Bogotá and Buda; Coltefinanciera and Obsidiam; Davivienda and Binance; Powwi and Binance; Coink and Banexcoin; Movii and Panda; and Movii and Bitpoint.
Do you think all banks should provide cryptocurrency trading? Let us know in the comments area listed below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This short article is for informative functions just. It is not a direct offer or solicitation of a deal to purchase or sell, or a recommendation or recommendation of any products, services, or business. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the business nor the author is responsible, straight or indirectly, for any damage or loss triggered or declared to be triggered by or in connection with using or reliance on any content, goods or services mentioned in this post.
Check out disclaimer
In Case You Missed It Published at Tue, 07 Dec 2021 06:30:24 +0000