Search
Cryptocurrency Exchanges Still Fighting Private Banks for Right to Open Bank Accounts in Chile
13.1.2023
The conflict between banks and cryptocurrency exchanges in Chile is still developing, as some banks are reticent to serve this kind of institution. A new report prepared by exchanges reports that most of these banks refuse to include crypto companies as customers for risks that are nevertheless...
After Years of Uncertainty, Cryptocurrency Exchanges Can Open Bank Accounts in Chile
30.10.2022
After years of court battles in Chile, a cryptocurrency exchange has managed to open a bank account in Bci, a financial institution that established a protocol to serve these businesses. The first exchange that opened a bank account with the institution was Buda, a local exchange, which satisfied...
Fintech Bill Approved and Ready to Be Sanctioned in Chile
18.10.2022
A fintech bill, which seeks to regulate fintech and cryptocurrency-related activities in Chile, has been approved by the deputy chamber of the congress, leaving it ready to be sanctioned by the president of Chile, Gabriel Boric. According to individuals in the sector, the bill is directed...
Buda Exchange Starts Requesting Selfie Verification for Withdrawals to New Bitcoin Addresses
2.8.2021
Buda, a Chile-based cryptocurrency exchange, has started requesting selfie verification every time a user needs to withdraw funds to a new bitcoin address. This new measure now introduces a new layer of security for users to avoid getting their accounts hacked, but it will only be mandatory...
Bitcoin Adoption Picks up Steam in Peru After Presidential Ballot
24.5.2021
Peru, a country not commonly associated with bitcoin or cryptocurrencies, is experiencing a sizable surge in digital currency adoption following the first round of its presidential ballot process. The presidential candidate with the most vote support, Pedro Castillo, is known for...
‘No Middle Ground’: Inside Colombia’s Race to Become A Major Regional Crypto Market
13.1.2021
In 2020, Colombia saw a major boost in crypto use, both as a store of wealth and as a means of transaction