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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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Colombia's Financial Superintendent Approves Nine Crypto Platforms to Work With National Banks – Finance Bitcoin News


Colombia s Financial Superintendent Approves Nine Crypto Platforms to Work With National Banks
In Colombia, the entity managed by the Ministry of Finance and Public Credit, the Financial Superintendence of Colombia (Superfinanciera) has revealed the authorization of alliances between Colombian banks and digital currency exchanges. So far, Colombia’s financial department has approved nine partnerships between exchanges and national banks in order to make cryptocurrency operations more accessible to citizens.
Colombia’s Financial Superintendent Wants to Spread Crypto Accessibility
The Republic of Colombia in South America has been friendly toward crypto assets like bitcoin (BTC) and other digital currencies over the years. More recently, during the first week of January 2021, the Superintendence of Corporations in Colombia explained in an official circular that local firms can leverage capital to purchase bitcoin. ....

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