TagCrypto MKT

5,000 Merchants Can Now Accept Cryptocurrency Payments in Chile

Chile bitcoin

Chilean cryptocurrency exchange Crypto MKT has recently announced that the country’s citizens can now buy products and services with cryptocurrency from over 5,000 merchants through a new integration with a crypto payment processor. According to the announcement, a partnership between Crypto MKT and online payments platform Flow.cl allowed the merchants to add cryptocurrency payment options...

Chile’s Central Bank Considers Cryptocurrency Regulations to “Monitor Associated Risks”

Chile bitcoin

Chilean news outlet El Economista has recently revealed that Mario Marcel, president of the country’s central bank, is considering implementing cryptocurrency regulations, which would give the financial institution information to “monitor associated risks.” Speaking at a forum during the Finance Commission of Deputies, Marcel admitted that the current process that cryptocurrency adopters go...

Chilean Court Orders Banks to Re-Open Cryptocurrency Exchange Accounts

cryptocurrency regulations

Chile’s anti-monopoly court recently ordered two major Chilean banks to re-open the accounts of one of the country’s largest cryptocurrency exchanges, Buda. The country’s anti-monopoly court ruled that the state bank Banco del Estado de Chile and Itau Corpbanca should re-open the cryptocurrency exchange’s accounts, presumably to prevent what looked like a blanket ban on cryptocurrencies in the...

Chilean Cryptocurrency Exchanges Take Banking Blockade to Appeals Court

Chile bitcoin

Chile’s largest cryptocurrency exchanges, Buda, CryptoMarket (Crypto MKT), and Orionx recently applied to an appeals court to confront a banking blockade they’re currently facing. As covered by CCN, the cryptocurrency exchanges recently saw Itau Corpbanca, Bank of Nova Scotia, and the state-owned bank Banco del Estado de Chile shutdown their accounts with no proper explanation. At the time, Banco...

Chilean Cryptocurrency Exchanges See Banking Blockade with Shuttered Accounts

Santiago Chile Bitcoin

Three Chilean cryptocurrency exchanges, BUDA, Crypto MKT, and Orionx, are about to lose banking services as BancoEstado, the last bank supporting cryptocurrency exchanges in Chile, has announced it’s closing the trading platforms’ accounts. According to local news outlet El Mercurio, the financial institution decided to, for now, “not operate with companies that are dedicated to the issuance or...

Chilean Cryptocurrency Exchanges Seek Clear Regulations After Banks Shutter Accounts

Santiago Chile Bitcoin

Two Chilean cryptocurrency exchanges, BUDA and Crypto MKT, recently saw a number of banks in the country shut down their accounts for dealing with cryptocurrencies. In response, the companies decided to call on the country’s banking association, Asociación de Bancos e Instituciones Financeras (ABIF), to clarify its stance on the cryptocurrency industry. According to local news outlet PULSO, the...