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World Blockchain Roadshow 2018 – Asia and Europe • June 28 - August 18, 2018

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Tag: Chile

Chile’s Bancoestado Reopens Bank Accounts Belonging to Crypto Exchanges

Category: Altcoins, Bitcoin, Business, Finance, News, Regulation

Chile’s Bancoestado Reopens Bank Accounts Belonging to Crypto Exchanges

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 Free Competition (TDLC) passed an order in April 2018 directing…

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Chilean Crypto-Exchange Allowed To Open Bank Account After Successfully Winning Court Appeal

Category: Altcoins, Bitcoin, Business, Finance, News, Regulation

Chilean Crypto-Exchange Allowed To Open Bank Account After Successfully Winning Court Appeal

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 del Estado de Chile and Itau Corpbanca are now ordered…

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Chilean Banks Close Accounts of Major Cryptocurrency Exchanges

Category: Bitcoin, Business, Finance, News, Regulation

Chilean Banks Close Accounts of Major Cryptocurrency Exchanges

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 financial institutions appear to be implementing a total and complete…

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Chilean Energy Minister Unveils Blockchain-based Pilot for Energy Data

Category: Blockchain, Ethereum, News, Tech

Chilean Energy Minister Unveils Blockchain-based Pilot for Energy Data

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 The pilot blockchain project will create a decentralized database thus…

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Chilean Crypto Exchange Platforms Unite for Clarification of Regulations in the Country

Category: Altcoins, Bitcoin, Blockchain, News, Regulation

Chilean Crypto Exchange Platforms Unite for Clarification of Regulations in the Country

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 Crypto Regulations Like many other countries, the government finds blockchain…

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Chile’s Santiago Stock Exchange Leads Blockchain Implementation in Latin America

Category: Blockchain, Business, Finance

Chile’s Santiago Stock Exchange Leads Blockchain Implementation in Latin America

On May 17, technology giant IBM and Chile’s largest stock exchange, the Santiago Exchange, announced a partnership to implement blockchain technology into the nation’s financial services sector. The collaboration makes the Santiago Stock Exchange the first exchange in South America to utilize blockchain technology for securities lending on its short selling platform. The new solution built by IBM and the…

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