Colombia’s financial regulator allows alliances between banks and digital currency exchanges

The country boasts the highest number of bitcoin ATMs in Latin America, according to Coin ATM Radar. The country has 59 bitcoin ATMs and tellers, with 33 in Bogotá, the capital, alone. In contrast, Panama has only 17 bitcoin ATMs, the second-largest number in the region.

RIO DE JANEIRO, BRAZIL - Colombia´s financial regulator SFC says that it is authorizing 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 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.

The SFC, which is  tied to Colombia . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?