The Financial Superintendence was also responsible for a pilot test called 'the sandbox,' which allowed cryptocurrency exchanges like Binance to work in tandem with private banks in the country.
The Colombian Financial Superintendence, the securities and financial watchdog of the country, is working on a document to regulate the transactions and operations made using cryptocurrency assets in the country. The organization announced that it will present the document in the coming weeks, which will issue norms for the treatment of these assets in the Colombian financial system.
test called “the sandbox,” which allowed cryptocurrency exchanges to work in tandem with private banks in the country, making it easier for users to purchase crypto with their fiat funds.While Colombia was not known for being a crypto hotbed not so long ago, the country has been slowly leaning into crypto. This has made it interesting for Latam exchanges like
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