Colombia - A blitz of regulatory action against US crypto firms is threatening the country's crypto regulatory pilot
Colombian banks Bancolombia, AVAL and Davivienda are getting caught in the cross hairs of a US crackdown.
On 12 January, the US securities and exchange commission (SEC) filed a lawsuit against Gemini, a US crypto exchange involved in Colombia’s regulatory pilot. The pilot is part of a government strategy to build a financial technology and banking hub for banks and blockchain companies.
Gemini stands accused by the SEC of selling unregistered securities via …