binance Binance partners with Colombian bank!

[Obliv0n 333]

In the last hours, the Colombian national government announced that the integration project with cryptocurrencies had been authorized, it is a pilot plan where Binance has the responsibility of orchestrating, reporting and regulating the transactions carried out within the market p2p and are related to the private bank "Davivienda", which is one of the largest in the country.

 

It is estimated that currently there are only quotas for 20,000 customers, who can convert their cryptocurrencies to the local currency without having to sell to a private individual, the transaction would be with the bank and the money would be available in 10 minutes or less.

 

This plan had been in mind since 2020, but the increase in the price of BTC hastened its authorization, this could represent a change in Colombian banking, by allowing to convert cryptocurrencies safely and without paying extra taxes.

 

What do you think about it?

 

[kryptonick 2659]

I learn this news from Cryptotalk and it is another reason that I am so happy to be a member of this forum. Thanks for this news as it means a lot for adoption of cryptocurrencies. It is a remarkable move by Binance and it gives better access to the crypto market, since we can expect the Colombian government to keep regulating in favor of crypto.

[Froshk 1828]

These are the kind of policies and regulations that are needed in the cryptocurrency atmosphere, not total baning and policies that cripple the crypto economy of a country

[Obliv0n 333]

23 hours ago, kryptonick said:

I learn this news from Cryptotalk and it is another reason that I am so happy to be a member of this forum. Thanks for this news as it means a lot for adoption of cryptocurrencies. It is a remarkable move by Binance and it gives better access to the crypto market, since we can expect the Colombian government to keep regulating in favor of crypto.

@kryptonick It is a pleasure to be able to help and inform, binance has shown that it wants to occupy the Latin market, promoting these associations, today the largest Colombian bank "Bancolombia" announced its integration into the system, so the program is expected to be a success !

19 hours ago, Froshk said:

These are the kind of policies and regulations that are needed in the cryptocurrency atmosphere, not total baning and policies that cripple the crypto economy of a country

@Froshk That's right, policies and regulations should be focused on increasing cryptocurrency investment and not on restricting or limiting its use.