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Colombian banks are set to form an unlikely alliance, with some of the nation’s biggest crypto exchanges set to work together on a cryptoasset transactions pilot.
Per Semana, the pilot will, in most cases see crypto exchanges join forces with a bank to test how financial institutions can use crypto to conduct transactions – and whether it can indeed speed payments and improve efficiency.
The pilot will take place within a newly constructed regulatory sandbox, the brainchild of the Financial Superintendence (Superintendencia Financiera or Superfinanciera), one of the nation’s top financial regulators.
