new cryptocurrency business and looking for clients for the bank

As some banks did previously, Davivienda will now concentrate its efforts on operations such as deposits and withdrawals with cryptocurrencies.

This plan will be developed through an alliance between said bank and Binance, with the approval of the Financial Superintendent, which gives them the endorsement to go in search of 5,000 users to carry out cash in and cash out activities (entry and withdrawal of resources) throughThere are 4 cryptocurrencies authorized by the regulatory body: Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).

“Colombia means the first of its kind in Latam, and represents a great advance and precedent in the region. It is important to reiterate that we feel very pleased and proud to work in coordination with the SFC in this great initiative for the country and the world and what better than doing it hand in hand with Davivienda”, said Maximiliano Hinz, director of operations at Binance Latam, quoted by The Republic.

(See also: Davivienda ‘welcomed’ its clients in 2022 with these painful charges)

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Dahousing, Bancolombia and Banco de Bogotá: new cryptocurrency business in Colombia

Some of the largest banks in the country are coming to enter the cryptocurrency business with pilot plans, for example, Banco de Bogotá, Davivienda and Bancolombia, after the approval of the Superfinanciera.

According to Blu Radio, in the case of Banco de Bogotá, a group of clients can now carry out operations with cryptocurrencies and the pilot also started with 5,000 users at the end of last year.

(See also: “What horror, they couldn’t”: Hernán Peláez, due to the Bancolombia mess; mentioned Gilinski)

Clients can carry out operations for a monthly accumulated close to 50 million pesos. That’s how it’s running too Bancolombia from December and it will be a one-year pilot plan.

The last case is that of Davivienda in alliance with Binance with this number of clients. These tests are part of the Superfinanciera project called La Arenera, a controlled and supervised space that allows the entity to analyze the convenience and interaction between traditional banks and the new platforms to operate with this type of virtual currency.

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