Core Insights - Banco de Crédito del Perú (BCP) has launched Criptococos, the first bank-backed crypto platform in Peru, in partnership with BitGo, marking a significant step in Latin America's digital finance landscape [1][3][7] - Criptococos allows users to buy and sell Bitcoin and USDC in a regulated environment, ensuring compliance with anti-money laundering and counter-terrorism financing standards [2][4] - The initiative aims to provide clients with secure access to digital assets while maintaining the reliability associated with traditional banking services [2][3][5] Company Overview - BCP, as the largest financial institution in Peru, is leveraging its 135-year legacy to pioneer regulated crypto banking, integrating blockchain innovation with established financial practices [5][8] - The platform is currently in a pilot phase, available to eligible clients who meet specific criteria, including a verified banking history [4][6] Industry Trends - The launch of Criptococos reflects a broader trend in Latin America where banks are collaborating with blockchain firms to create secure frameworks for digital asset adoption [7][11] - This initiative positions BCP as a leader in merging regulated finance with blockchain technology, setting a precedent for other institutions in the region [8][11]

🇵🇪 BULLISH: Peru’s largest bank, BCP, launched Criptococos, the country’s first crypto platform, approved by the SBS. https://t.co/F7QH9etuG8 ...