Bancolombia to Offer Crypto Trading in Financial Regulator’s Pilot Program

Bancolombia to Offer Crypto Trading in Colombian Regulator's Pilot Program

Bancolombia, the biggest financial institution in Colombia by overall possessions, is established to offer cryptocurrency trading to clients in collaboration with cryptocurrency exchange Gemini, a New York trust fund firm and also custodian controlled by the New York State Department of Financial Services.

Cynthia Del Pozo Garcia, the exchange &#x 2019; s principal of technique & business advancement, revealed Monday that beginningDec 14:

Gemini and also Bancolombia will certainly release a collaboration to supply a preliminary associate of clients of the Colombian financial institution a smooth on- and also off-ramp to profession bitcoin (BTC), ether (ETH), litecoin (LTC), and also bitcoin cash money (BCH) via the Gemini exchange.

The collaboration with Bancolombia &#x 201C; additionally works as a vital action towards the critical growth &#x 201D; of its existence in Latin America, Gemini kept in mind.

The exchange included:

Our collaboration becomes part of a 1 year pilot program run by Colombia &#x 2019; s financial regulatory authority, the Superintendencia Financiera de Colombia (SFC), and also will certainly offer individuals smooth and also protected gain access to to crypto.

In January, the Superintendencia Financiera de Colombia revealed that 9 crypto efforts will certainly be enabled to examination their items within the La Arenera regulative sandbox.

Besides the Bancolombia and also Gemini collaboration, various other collaborations in the sandbox are Banco de Bogotá &#xE 1; and also Bitsoá; Banco de Bogot &#xE 1; and also Buda; Coltefinanciera and also Obsidiam; Davivienda and also Binance; Powwi and also Binance; Coink and also Banexcoin;Movii and also Panda; and alsoMovii and alsoBitpoint

Tags in this tale bancolombia, bancolombia bitcoin, bancolombia crypto, bancolombia cryptocurrency, colombia, Cryptocurrency Trading, Gemini, Regulatory Sandbox

Do you assume all financial institutions should offer cryptocurrency trading? Let us recognize in the remarks area listed below.

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John Lesley is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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