Bancolombia offers crypto trading in the pilot program of the financial supervision-regulation

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bancolombia offers Crypto trade in the pilot program of the Colombian regulatory authority to

Bancolombia, Colombia's largest bank, will offer their customers the cryptocurrency trade within one of the state's financial supervision, the Superintendencia Financiera de Colombia (SFC), regulatory framework. Colombian bank customers can trade Bitcoin, Ether, Litecoin and Bitcoin Bargeld.

Bancolombia offers customers in a regulatory sandbox trading in cryptocurrencies

Bancolombia, the largest bank of Colombia, which is the largest bank of Colombia, will offer its customers in partnership with the Gemini cryptocurrency exchange, a New York trust company and custody account, which is regulated by the New York State Department of Financial Services.

Cynthia del Pozo Garcia, the director of strategy and corporate development of the stock exchange, announced on Monday that from December 14th:

Gemini and Bancolombia will enter into a partnership to offer a first group of Colombian Bank customers a seamless entry and exit for Bitcoin trade ( btc ), ether ( eth ), litecoin ( ltc ) and Bitcoin-Bar money ( bch ) via the Gemini exchange.

The partnership with Bancolombia "also serves as an important step towards strategic expansion" of your presence in Latin America, says Gemini.

The exchange added:

Our partnership is part of a one -year pilot program that is carried out by the Colombian financial supervisory authority Superintendencia Financiera de Colombia (SFC) and users will offer seamless and safe access to crypto.

In January, the Superintendencia Financiera de Colombia that nine crypto initiatives within the regulatory sandbox from La Arenara be allowed to test.

In addition to the partnership between Bancolombia and Gemini, Banco de Bogotá and Bitsso are other partnerships in the sandpit; 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 that all banks should offer cryptocurrencies trade? Let us know in the comment area below.

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