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# Chile News

Bancoestado, the only state bank in Chile, has reopened the accounts of cryptocurrency exchanges in the country. The move comes after a court directed banks to resume normal banking services to two cryptocurrency exchanges, Cryptomkt and Buda.com. Court Directs Banks to Resume Banking Services Chile’s Tribunal for the Defense of...
Buda, a Chilean crypto-exchange which recently appealed against the unruly ban on cryptocurrencies placed by the government, has successfully been allowed to reopen its bank accounts, after a court order on April 26. Following an unjustified closure of its accounts, Buda sued a total of ten banks, of which, Banco...
April 19, 2018 by at Bitcoin, Business, Finance, News, Regulation
Bank of Nova Scotia and state-owned Banco del Estado de Chile closed the accounts of cryptocurrency exchange platforms Buda, Orionx, and CryptoMarket in March 2018 with no explanation. While the cryptocurrency exchanges have gone to an appeals court to challenge the bank’s actions, their bank accounts remain closed. Unfortunately, Chile’s...
April 9, 2018 by at Blockchain, Ethereum, News, Tech
Chile has joined the league of nations implementing the technology behind bitcoin to solve diverse administrative issues. A number of countries around the world have already created pilot initiatives that rely on blockchain technology to tackle issues like land registries and energy management. Ensuring Data Fidelity in the Energy Sector...
Cryptocurrency exchanges in Chile are beginning to feel the heat of regulatory crackdown orchestrated by the country’s mainstream finance regulators. In response, a handful of relevant exchange platforms in the country have spoken out over what they claim are unfair measures being taken against their operations. The Need for Fair...
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