Tag Archives: Colombia

Colombia Crypto Exchange Asks New President for Banking Help

Alejandro Beltrán of Colombia’s largest cryptocurrency exchange, Buda.com, effectively shuttered by banks in the country refusing to do business with it, has written an open letter to the nation’s new president in the hope of winning a reversal. Iván Duque Márquez was elected last month, and has been quoted as embracing new financial technology.  Colombia Crypto Exchange Buda… Read More »

Colombian Draft Bill on Crypto Called ‘Inconsistent,’ Criticized by Local Industry

A draft bill on crypto regulation presented to Colombia’s Congress has been heavily criticized by the local tech sector, Colombian financial journal Dinero reports Tuesday, September 24. The draft was introduced in late July by senator Carlos Abraham Jimenez from Cambio Radical, the second largest party in the lower house of Colombia’s Congress. The bill, called “On cryptocurrencies,… Read More »

South American Crypto Exchange Buda.com Seeks Help of Colombian President for Reopening

South American cryptocurrency exchange Buda.com has requested Colombian President Iván Duque to help reopen its operations in the country, local news outlet La Republica reported September 21. Digital currency exchange Buda.com — which boasts around 35,000 accounts in Colombia — ceased its operations on June 20 after the country’s banks decided to close all the exchange’s accounts “for… Read More »

Not Just Venezuela, Bitcoin is Seeing Record Volumes Across South America

Bitcoin’s mixed price fortunes could not matter less to some South American markets as trade volumes in several countries see major spikes. Argentina, Peru, Colombia… In spite of BTC/USD trending down towards $6000 yet again this month, economic uncertainty in Venezuela and Argentina continue to see huge volumes of fiat change hands for Bitcoin 00. Data from Coin Dance… Read More »

New Colombian President Extends a Welcoming Hand to Blockchain and Cryptocurrency

Colombia looks to be the next nation on the map that, like Malta, is making a strong pivot to blockchain and virtual currencies. As the cryptocurrency and blockchain worlds continue to expand, a growing list of nations have begun to place heavy emphasis on both industries. Chief among these is the small island nation of Malta, which has rapidly… Read More »

Colombian President Promises to Cut Rent Taxes for Crypto Firms

Colombian President Ivan Duque has recently promised to cut taxes for cryptocurrency and blockchain startups, local newspaper El Tiempo reported Wednesday, August 29.   Duque delivered an opening message during ANDICOM, an international congress on information and communications technology (ICT) held annually in Cartagena de Indias, Colombia. A recording of his speech is now available on YouTube. President confessed… Read More »

Colombian Banks Shutter Accounts of Domestic Cryptocurrency Exchange

Advertisement Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! Colombian banks have closed Buda.com’s accounts, Alejandro Beltran, CEO of the cryptocurrency exchange, announced. Banks Bancolombia, BBVA and Davivenda have all closed Buda.com’s accounts, according to infobae.com. The country’s Financial Supervisor previously sent a notice warning financial institutions about using their platforms… Read More »

Colombian Banks Close All Accounts of S. American Crypto Exchange Buda

Colombian banks closed all the accounts of South American crypto exchange Buda.com, local news outlet Diario Bitcoin reported June 8, citing an email the company sent to its clients. According to the email, the move was spontaneous, the banks confirming that the accounts had been closed without providing further explanation. The crypto exchange reported soon after the news… Read More »

Colombian Senate Debate: ‘Blockchain Could Change Lives’

The Colombian Senate held a debate on cryptocurrencies and blockchain “as mechanisms to modernize the digital economy” on Wednesday, according to a Senate press release published today, June 7. The Third Committee of the Senate was convened by the senator of Colombia’s Green Alliance party, Antonio Navarro Wolff, with participants including the Colombian central bank, the Ministry of… Read More »