Added Regulatory Oversight Wins Unisend New Banking Partner
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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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....
BitPagos has acquired Unisend Argentina, the country's first order-book exchange, as part of an undisclosed deal for cash and equity. The announcement follows the sale of the exchange subsidiary Unisend Mexico, and BitPagos' $1.18m funding round finalized last September. CEO Sebastian Serrano explained that the acquisition will provide BitPagos with a third product offering to complement its existing payment processing service and Ripio, its wallet and brokerage offering. Serrano told CoinDesk: "We want to build the access to bitcoin across Latin America and we thought that part of....
Unisend has officially expanded to Mexico and will launch trading in the market this evening via its new website Unisend.com.mx. The Argentina-based bitcoin exchange's domestic bank accounts were suddenly closed earlier this August, a development that temporarily halted consumer deposits and bank transfers. However, it continues to serve the market as it seeks to more broadly expand its services in Latin America. If Unisend's goal is to become a reference point for bitcoin trading across the region, as founder Pablo Esterson indicated in a conversation with CoinDesk, Mexico is the first....
Bundesbank President Jens Weidmann has expressed that FinTech requires more regulatory oversight because of its potential to threaten financial stability and the banking sector. In a Reuters report, Weidmann, who is part of the European Central Bank’s Governing Council, is reported as saying that a clearer picture is needed to understand better in what way FinTech could potentially pose a risk to the finance industry. He said: Many believe the most disruptive potential is to be found in blockchain or distributed ledger technology, which promises to allow payment transactions and securities....
Last week's poll looked into a topic that has had the bitcoin community pulling in either direction. The question we asked: Do you think bitcoin exchanges require regulatory oversight? In total, the poll received 157 votes (which is better than the week prior, but we'd love to get more participation in the coming weeks). When all was said and done, 92 of the 157 voters (or about 58.6 percent) of respondents say that they think bitcoin exchanges should not be overseen by regulatory agencies. As you can imagine, the other 41.4 percent (or 65 respondents) said that they do think that bitcoin....