Bancolombia Group President Juan Carlos Mora said that the company has been working for almost ten years to create a cryptocurrency platform designed to facilitate the popularization of digital assets in the region.
In addition to the COPW stablecoin, it will be possible to trade Bitcoin, Ether, USDC and Polygon (MATIC) on the Weina exchange. To access Weina, traders must be Colombian citizens residing in the country.
Representatives of the Bancolombia Group warned traders about the risks associated with trading digital assets. The bank stated that the listed cryptocurrency assets are not securities and are not backed by the government.
According to the 2023 Global Cryptocurrency Penetration Index, Colombia ranks third among Latin American countries.
Weina is an independent entity registered outside the country in Bermuda and is not subject to Colombian law. Any disputes or claims will be brought exclusively with the exchange in the courts of Bermuda and not with Bancolombia Group.
Earlier, Colombian President Gustavo Petro received a gift of 100,000 Satoshi ($38.3), after which he called cryptocurrencies and blockchain promising technologies for the development of the country.
