Published on June 13th, 2018 | by bitcoin0
Coin Exchange Buda Subject of Sudden Banking Embargo in Colombia
Major Latin American bitcoin exchange, Buda, recently suddenly become the subject of a banking embargo in Colombia, according to local reports.
Buda similarly experienced the termination of its Chilean banking services in March of this year.
Also Read: Six Major Banks in Chile Sued by Another Cryptocurrency Exchange
Buda Suffers Termination of Banking Services in Colombia
Buda, a Latin American bitcoin exchange formerly known as Surbtc servicing the Argentinian, Chilean, Colombian, and Peruvian markets, suddenly became the subject of a financial blockade from Colombian banking institutions.
The financial embargo against Buda has come at a time of increasing parliamentary dialogue regarding cryptocurrencies in Colombia.
Buda Faces Banking Hurdles in Chile
In March, Buda, alongside cryptocurrency exchanges Cryptomarket, and Orionx, became the subject of an aggressive banking embargo from Chile’s seven major financial institutions, including state-owned bank, Banco del Estado de Chile.