Colombia’s most established business banking foundation, the Banco de Bogotá, is supposed to investigate crypto-related administrations.
As per provides details regarding Monday, Banco de Bogotá said it will partake in a pilot project drove by Superintendencia Financiera de Colombia, the nation’s top monetary controller. The undertaking will be dispatched in the directed sandbox – known as la Arenera – affirmed by the Ministry of Finance in September 2020.
Banco de Bogotá will investigate the plan of action and the potential dangers related with crypto resource the executives, by permitting a select gathering of clients to purchase and sell cryptographic forms of money from saves money with public fiat cash, the peso.
Oscar Bernal Quintero, the Vice President for Technology Development at Banco de Bogotá, said:
- “One of our great motivations is to be an active part of the transformation of the country and we consider it valuable to participate in the construction of the possible regulation that would enable the exchange of crypto assets within the Colombian regulatory framework.”