One of the largest Colombian banks, Banco de Bogotá, was the first in the country to launch a service for sending funds to a cryptocurrency exchange.
The option was launched under the auspices of the country's government. While it is available to clients in test mode. Funds can be sent to the Chilean platform Buda.com. Alejandro Beltran, who represents the exchange in Colombia, mentioned that the service is planned to be launched in August regularly.
Moreover, he noted that Banco de Bogotá is going to allow not only to send funds to the trading floor but also withdrawing them from the platform. Currently, the heads of the exchange and the bank are negotiating the terms of cooperation.
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The top management of Banco de Bogotá does not intend to rush and will enter the crypto sphere gradually so as not to create risks for their clients. Note that in January, Colombia's Financial Authority (SFC) reported that out of 14, 9 applications from crypto companies that are ready to gain a foothold in the country were approved.
In July of this year, bitcoin exchanges Bitpoint and Panda began operating in Colombia. Banco de Bogotá plans to sign a cooperation agreement with the Mexican platform Bitso soon.
At the moment, in Latin America, Colombia is the leader in the ranking of countries in the number of bitcoin ATMs. Only in the capital of this state, Bogota, last year the number of such devices reached 34.