Peru’s central bank has reacted to the recent crypto markets collapse by warning about the high volatility of digital currencies on its Twitter Friday, Nov. 16. In its recent post, the Peruvian central bank included Bloomberg graphics on Bitcoin’s (BTC) price from December 2017 to mid-November 2018. The picture is followed by a statement: “Cryptocurrencies are not supported by central banks and pose risks due to the high volatility in their price, fraud cases and their possible use in illicit activities. Bitcoin’s price fell 56% as of October 2018, and has lost an additional 13% percent in November.” According to …
OKCoin, the parent company for world’s largest cryptocurrency exchange OKEx, has launched fiat-crypto trading services in Argentina, the company revealed in a tweet Thursday, Nov. 15. According to the company’s blog post about the move, customers can already deposit Argentine pesos (ARS) in exchange for major cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Ripple (XRP), Cardano (ADA), Stellar (XLM), Zcash (ZEC), and 0x (ZRX) “and more.” OKCoin has also revealed its plans to extend its services all over Latin America, adding other local fiats to the list “in the coming months.” The company …
Chilean Court of Appeals has ruled in favor of crypto exchange Orionx, resolving that the state-owned bank Banco Estado should reopen the company’s deposit account, local news outlet La Tercera reported July 12. The Fourth Chamber of the Court of Appeals of Santiago has accepted the appeal filed by Orionx crypto exchange against Banco Estado, which closed the company’s deposit account in late March. At that time, the bank cited the lack of “regulatory recognition of [cryptocurrency trading]” as justification for its decision. Now, by the ruling of the Court of Appeals, Banco Estado has been ordered to reopen the …
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 Finance, the ICT Ministry, and Colombia’s Financial Superintendent. Navarro Wolff opened his speech by advocating that the Colombian state investigate blockchain “in greater depth,” saying that the technology “could change the lives of Colombians” in its application across the administrative, economic and …
In response to a lengthy NY Times article, the Casa Rosada’s Community Manager posted on the @CasaRosadaAR Twitter account what would soon echo throughout social networks: “Apparently bitcoin is disrupting our economy now (?)” Apparently bitcoin is disrupting our economy now (?) https://t.co/8anSj29Nre — Casa Rosada (@CasaRosadaAR) April 30, 2015 Argentina’s local Bitcoin community is aflame with the tweet, and some are even pondering if BitPay’s popular Mr. Bitcoin mascot should pose with the president. Regardless of the mixed reactions towards the tweet itself, it is very clear that even in a busy election year the government has some time …