Binance announced its incorporation into the Colombian Fintech group of entities, the association of companies within the financial technologies sector in that nation. The  purpose is the promoting and strengthening education associated with cryptocurrencies, as well as supporting the path of the regulation and adoption of crypto assets in the South American country.

The exchange revealed, in an official statement, that they become strategic allies of the Colombian organization. COO for Binance Colombia, Bryan Benson, commented: “We are very satisfied to be part of a body that supports financial development on digital platforms and promotes good practices in the financial sector”.

He stressed that this is aligned with the essence of Binance as a company, because in addition to being a robust exchange, “we are creators of blockchain technology that has an impact on various sectors of the economy. Without a doubt, being part of Colombia Fintech will promote good practices and strengthen education in the use of cryptocurrencies in Colombia.”

The president of Colombia Fintech, Erick Rincón, positively evaluated Binance’s entry into the Colombian organization, highlighting that Fintech companies are the immediate response to the need for innovation in the traditional financial system, allowing access to financial products to the entire society.

Binance’s association with Colombia Fintech is framed within its expansion plans that the exchange has within the Colombian market, considered one of the most favorable from a commercial and adoption point of view of crypto in the region.

The exchange house currently has an alliance with the Davivienda bank within the regulatory sandbox implemented by the Financial Superintendency, LaArena, and are working together to refine regulatory details associated with commercial operations for cryptocurrencies in the country.

At present, Colombia has not taken an official position regarding cryptocurrencies. However, Mauricio Toro, a congressman of the green party, introduced for the third time, before the Congress of the Republic, the bill to regulate crypto-asset exchanges in the country.

M. Rodríguez

Source: diariobitcoin.com

La entrada Binance officially joins Colombia Fintech apareció primero en Bitfinance.