Three Crypto Exchanges in Chile closed by State Bank

Banco del Estado de Chile gave the notice to Chilean cryptocurrency exchanges Buda, Orionx, and Cryptomkt that their accounts will be dropped
03 April 2018   746

This happens after the exchanges were also targeted with account closings by Itaú Unibanco Holding S.A. of Brazil and The Bank of Nova Scotia (Scotiabank of Canada). Regional news branch El Mercurio announces Banco del Estado de Chile (Banco Estado) is shuttering the accounts of three cryptocurrency exchanges. “Banco Estado adopted the decision,” a bank statement explained, “for now, not to operate with companies dedicated to issuing or creating, brokerage, intermediation or serve as a platform for cryptocurrency calls.”

Banco Estado is the only public bank in the country, which is directing all the governmental financial activity. It is traditionally focused on serving small businesses and the unbanked. It is Chile’s largest owner of debit cards. It is the third largest bank in the nation, and constantly valued as the safest bank in Latin America.

El Mercurio underlines that Banco Estado was the final chance for these three exchanges, which have also been compressed by Scotiabank and Itaú prior to the state bank’s announcement. This allegation was the only mention by the bank as for why it is closing down the accounts of the exchanges.

Orionx replied the newspaper it wasn’t the end of the world and also convinced that  users’ money is “fully backed and there is no insolvency risk.” Also Pablo Chavez of Buda claimed that the summary closings may let him launching a bank of his own, but he looked apathetic about those objects. Martín Jofré of Cryptomkt echoed Mr. Chavez, admitting Banco Estado has a financial lifeline.

Last month the above-mentioned cryptocurrency exchanges called on the country’s banking association in order to point out a clear position on the matter. Similar tactic had been often used in different countries under the pretext of money laundering or tax avoidance. Last year fall revealed a few banks in Singapore stopped doing business with several startups operating with cryptocurrencies. In Kuala Lumpur (Malaysia) the trading platform Luno had its bank account frozen by the tax officials.

First BTC Forks Battle to be Held on p2pb2b Exchange

p2pb2b exchange is going to challenge 'digital gold' fork
28 September 2018   433

Since the launch of the very first cryptocurrency, lots of developers were trying to improve Bitcoin and fix existing bugs. According to Bitcoin.com, there were 69 Bitcoin forks in total in the crypto market in April 2018 and only 10 of them were traded on exchanges. p2pb2b exchange has decided to figure out which of the forks deserve to be listed and currently holds Bitcoin Forks Battle for the first time in the history of the crypto market. The platform is not going to decide the destiny of coins itself. Instead, the community of traders will be voting for the best coins in their opinion. The winner will get a free listing on p2pb2b.

How does the Battle go?

Bitcoin Forks Battle is held on the p2pb2b exchange in 3 stages. Any of Bitcoin forks can participate. The following forks are already participating in the Battle: B2X, BCA, BCD, BCX, BIFI, BTCS, BTN, BTX, GOD, LBTC, NRO, SBTC, UBTC. There is still a chance for any other Bitcoin fork to join the competition. Only traders registered on p2pb2b with at least 0.003 BTC / 0.05 ETH / 25 USD on their account in order to exclude frauds. The voting itself is free.

  • Stage 1 - Qualification
    • The stage will last for 7 days and only 8 most voted coins will pass to the next round.
  • Stage 2 - Play-off
    • 8 coins will be randomly divided into pairs. A fixture list will be made and coins will participate in matches just like it works in football. There will be 6 matches in total, 24 hours each. 2 finalists will pass to the next stage. Coins that will make it to the play-off will receive a special offer for the listing within a month since the announcement of the battle results.
  • Stage 3 - The Final
    • The final stage will last for 5 days, the most voted coin wins the battle and gets a free listing of p2pb2b.

Bitcoin forks will finally get a chance to enter the crypto market and find its acceptance. Coin holders will be able to benefit from trading and an improved functionality that each fork has already presented. Check out the official website to participate in the Battle and choose the coin you like the most.

p2pb2b
p2pb2b

p2pb2b cryptocurrency exchange has made a reboot after 4 years of work and introduced users a completely new platform for safe and profitable trading. The team is mainly focused on the needs of businesses and large enterprises. However, each participant of the crypto market will be able to find benefits in using p2pb2b exchange. Traders get high performance, safety, and client’s support. Businesses take an advantage of a possibility to list a new coin for 5 minutes, updated API, officially registered Estonian company. More information about the platform is available on the official website.