Banco de Bogotá will allow money transfers with crypto exchange Buda.com as part of a pilot program in August.
The Colombian government is implementing new anti-money laundering laws with local exchanges.
In 2020, Colombia saw a major boost in crypto use, both as a store of wealth and as a means of transaction.
A Chilean court has ordered banks to reopen the accounts of crypto exchanges after the institutions announced their plans to close them in March.