Gemini to Allow Crypto Trading in Colombia Under Government-Sponsored Pilot Program

Posted on by American Coins & Gold

Gemini to Allow Crypto Trading in Colombia Under Government-Sponsored Pilot Program
U.S.-based cryptocurrency exchange Gemini plans to allow users in Colombia to trade crypto through a partnership with its largest, private bank, Bancolombia.Starting on Dec. 14, Gemini will allow a select group of Bancolombia’s users to trade bitcoin, ether, litecoin and bitcoin cash through an on-and-off-ramp, Cynthia del Pozo García, Gemini’s principal of strategy and corporate development, announced on Monday.The partnership between Gemini and Bancolombia is part of a year-long, government-sponsored pilot program to test banking services for crypto platforms.In January, Colombia’s financial watchdog, the Financial Superintendency of Colombia (SFC), announced that it chose nine crypto exchanges (out of 14 applicants)…