Argentinian Bitcoin Exchange Loses its Bank Accounts
Argentina-based bitcoin exchange Unisend stopped customer deposits and bank transfers on Monday after Banco Santander Río and Banco Gailicia suddenly closed its company accounts. Santander and Gailicia sent Unisend written notification on 28th and 31st July, respectively. Each cited Article 792 of Argentina's code of commerce, which says that a banking relationship can be terminated at the request of a bank or its client provided 10 days notice is given. Unisend partner José Rodriguez told CoinDesk that the exchange does not expect its services to be affected in the long term, stating: "We....
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Unisend has announced it will once again enable Argentina-based users to fund exchange activities through bank transfers. The news comes roughly three months after the Argentinian bitcoin exchange abruptly lost its accounts with previous banking partners Banco Santander Rio and Banco Galicia, thereby limiting the company's service in what is arguably Latin America's most prominent bitcoin market. Founder and CTO Pablo Esterson said the announcement was the end result of months of effort by the seven-person company, which has needed to apply for new accounts while putting a new emphasis on....
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