“Crypto is borderless by nature, and we are committed to expanding crypto access to individuals across the globe,”

Cryptocurrency exchange Gemini will soon offer frictionless bitcoin trading in Colombia for customers of the country’s biggest bank, Bancolombia, the company said in a statement Monday. However, it is unclear whether users will be able to withdraw funds — a vital feature for achieving the financial sovereignty that Bitcoin enables.

The partnership is part of a government-sponsored pilot program. It will launch on December 14, giving an initial cohort of Bancolombia customers a seamless on and off-ramp to trade BTC through the exchange.

“The partnership also serves as an important step toward the strategic expansion of Gemini’s presence in Latin America,” Cynthia del Pozo García, Gemini’s principal of strategy and corporate development, said in the statement. “We look forward to working closely with the Colombian crypto ecosystem and to supporting crypto products that empower Colombians to take control of their financial lives.”

Continued on Source: Colombia’s Biggest Bank To Offer Bitcoin Trading