CONFLICTS AND SOLUTIONS

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Two exchanges — BUDA and Crypto MKT in Chile asked for help to the Association of Banks of the Country (ABIF) due to the fact that they were denied banking services. The exchanges are denied of those services because they carry out activities related to the cryptocurrency. In a public statement, the representatives of exchanges urged ABIF to “make its position transparent” and determine whether the companies connected with the cryptocurrency will have access to banking services. The exchanges have demonstrated their tools of working with cryptocurrency: the secure platforms based on the latest technologies to protect customers and channels of cooperation with the authorities. Both companies pay taxes, are registered with the relevant regulatory bodies and comply with the legislation on the prevention of money laundering and the fight against terrorism.

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