So far, there is only one pilot alliance for crypto assets in Colombia

There are still six months to go before the Colombian Financial Supervisory Authority (SFC) has determined to develop the first cryptoactive pilot project in this country. And only one alliance has started work: that of MOVii and Bitpoint. This was reported by Colombia Fintech, where they detailed that MOVii and Bitpoint have already completed 2,000 users and traded $ 500 million.

The alliances that Banco de Bogotá and Bancolombia are part of are expected to be the next to operate.

Alliances

The alliances are formed by the Banco de Bogotá together with Bitso and Buda.com; Bancolombia with twins; Coltefinanciera with Obsidiam; Davivienda and Powwi with Binance; Coin with Banexcoin; and MOVIi with Panda and Bitpoint.

So far, there is only one pilot alliance for crypto assets in Colombia
So far, there is only one pilot alliance for crypto assets in Colombia

Hernando Rubio, CEO of MOVii, commented:

We continue to understand the user, consider ways to improve the experience, provide information to conduct transactions without fear, and consider other options to serve the market. We hope to soon have a link to Ripio and thus expand the possibilities for our customersâ ????.

According to the publication by Colombia Fintech, an evaluation and monitoring committee was responsible for selecting the participants in this pilot project. â ???? The group consisted of the Presidency of the Republic, the SFC, the Superintendent of Companies, the Financial Information and Analysis Unit (Uiaf) and the Representation of the Academy, they said.

Mario Castro, Coink CEO said:

We continue to work on the regulations and technology required to comply with Superfinancial guidelines. We want to offer our users all guarantees when buying and selling digital assets that we need a robust infrastructure for.

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