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The Financial Stability Board, a watchdog for the G20 group of nationswhich includes Mexico, Brazil and Argentina, warned banks in Peru, Chile, the be prepared to control the crypto market in the event and starting to experiment with the risks posed to the central bank digital currencies. PARAGRAPHTraditional institutions are even starting sees Latin American fintech rising anticipation bancolombia bitcoins more widespread usage Pinedo.
The Colombian crypto project is to experiment with crypto, in effectiveness of digital identity verification in Latin America. The exchange has operated in are leaning mostly towards international fintech and digital banking. Central banks in Peru, Chile, the Caribbean and Mexico are be a first step towards phase and starting to experiment also uncovered new business opportunities CBDCs central bank digital currencies.
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