Banco de Crédito del Perú (BCP), the nation’s largest financial institution, has launched an authorized pilot program enabling select clients to transact in digital assets. This landmark initiative, sanctioned by Peru’s regulatory authorities, marks the first time a domestic bank has offered regulated cryptocurrency services. The platform currently supports Bitcoin and USD Coin (USDC), allowing participants to securely purchase and custody these digital currencies through BCP’s banking infrastructure. This strategic move positions BCP at the forefront of digital asset adoption in Peru’s financial landscape, potentially setting a precedent for other financial institutions in the region. The carefully structured pilot program represents a significant milestone in bridging traditional banking with emerging digital finance ecosystems, while maintaining full regulatory compliance. Industry observers note this development could accelerate mainstream cryptocurrency adoption across Latin American markets, where digital asset usage has been growing steadily. The program’s implementation follows extensive consultation with national financial regulators to ensure alignment with existing banking protocols and consumer protection standards.
