Banco de Bogotá participates in a crypto-related pilot

Banco de Bogotá participates in a crypto-related pilot project


Banco de Bogotá participates in a crypto-related pilot project
March 5, 2021
The trial aims to tie Colombia’s government and crypto ecosystem to create a crypto sandbox.
With this test, Banco de Bogotá will let select clients deposit and withdraw crypto via its system.
Banco de Bogotá will handle the crypto deposits and withdrawals during this pilot.
Colombia’s first commercial bank, Banco de Bogotá, is taking part in a cryptocurrency-related pilot project. A report unveiled this news on March 1, noting that the Financial Superintendence of Colombia (FSC) is behind this trial. Reportedly, this project aims to foster the development of a joint test space for digital assets between the country’s digital ecosystem and the National government.

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