Colombia’s oldest commercial bank pilots crypto services

Cointelegraph

Published Mar 04, 2021 03:53AM ET

Updated Mar 04, 2021 06:00AM ET

Colombia’s oldest commercial banking institution, Banco de Bogotá, is reportedly exploring cryptocurrency-related services.

According to a report by local news agency Portafolio, Banco de Bogotá announced Monday that it will participate in a pilot project directed by the Superintendencia Financiera de Colombia, the country's top financial regulator. The project will be run within a regulatory sandbox — dubbed la Arenera — which was approved by the Ministry of Finance and Public Credit in September 2020.

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