Chilean Crypto Exchange Buda.com launched in Argentina

Buda.com has opened in Argentina, providing 4 cryptos: pocessing in 3 other countries, the exchange claims Argentina may become its most important market
30 May 2018   1178

Chilean cryptocurrency exchange Buda.com started operations in Argentina on May 28. Presently working in Peru, Colombia, Chile and now Argentina, Buda.com has more than 80,000 users. 

Cryptocurrencies can have a positive effect on the functioning of the Argentine financial industry and, particularly, on giving access and lowering the uncertainty of users and how they interact economically on the Internet.
Pablo Chávez
General Manager, Buda.com

Chávez reported that initially “the cryptocurrencies that will be available will be bitcoin, ether and bitcoin cash,” but the company will also soon support litecoin.  “Initially we will be offering the market service, providing the platform for users who want to buy or sell cryptocurrencies in Argentine pesos.” 

One of the main differences we see with the rest of the region, is that in Argentina there is a community around cryptocurrencies, which have been working for years with a process of education and closeness to banking entities.
Pablo Chávez
General Manager, Buda.com

Concerning the firm’s venture into the Argentine market, Chávez supposes that Buda.com “should become one of the largest in the Latin American continent,” adding that he awaits its transaction volumes to reach “close to USD 20 million per month by the end of 2018.”

At the same time, at its homeland, Buda.com is struggling to gain its bank accounts reopened. The cyptocurrency rexchange filed a lawsuit against ten banks in April after they shuttered the accounts of crypto exchanges.

Xapo to Move from Hong Kong to Switzerland

According to Ted Rogers, Xapo president, Switzerland is the best place for crypto companies
23 January 2019   78

The well-known cryptocurrency company Xapo has decided to move the majority of units from Hong Kong to the Swiss “Cryptowalley”, BitcoinExchangeGuide reports.

The main structures of Xapo have worked in Hong Kong for several years. Nevertheless, the company is convinced that Switzerland has a more friendly legal infrastructure in relation to cryptocurrencies. This, Xapo believes, will enable the company to improve the quality of services and better comply with regulatory requirements.

It was one thought that Hong Kong was the holy grail of crypto regulations. But it has become more opaque. It’s a reality of this industry that you have to be agile and react to regulatory changes all the time. Swiss regulators are smart, interested and sophisticated in dealing with the financial markets. 
 

Ted Rogers

President, Xapo

Also, according to him, Switzerland is the best place to create cryptocurrency and blockchain companies.

Currently, Xapo has about 250 employees. At the same time, only 10 of them work in Zug.