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.
