Bitcoin Exchange in Chile Gets Funding from Government
SurBTC, a bitcoin exchange based in Chile, gained the support and trust of its government after it secured funding for its operations. The name of the company translates to Bitcoin South and was recently launched to allow Chileans to trade and invest in bitcoin. Chile is near Argentina, a country that has dealt with several economic and currency crises in the past. Because of that, these countries have become more open to the idea of alternative currencies and financial systems, thereby providing a good opportunity for a bitcoin exchange to flourish. Bitcoin Exchange Support. During its....
Related News
Chile-based Bitcoin company, SurBTC, which translates to Bitcoin South, recently launched the South American country's first Bitcoin exchange. The exchange hopes to be a safe and reliable way for Chileans to access and invest in bitcoin. Chile is right next door to Argentina, a country well known in the Bitcoin industry. Argentina's high inflation and strict capital controls have created conditions many believe will ignite Bitcoin adoption in the country. But unbeknownst to most, Chileans have had a growing interest in digital currency as well. The country has been home to a....
Chile's government has declared a state of emergency in a coastal town of Coquimbo where 15 foot waves came ashore in the wake of a massive earthquake that has left ten dead in the Latin American nation. Tsunami waves made landfall north and south of the quake's epicenter along Chile's long coastline, with tsunami warnings for the US west coast. The earthquake represents the largest quake in the world this year, its duration more than three minutes. Dozens of aftershocks followed. The initial quake could be felt in Brazil and Argentina: 8.3 magnitude earthquake in Chile made waves in this....
A libertarian-fashioned community in Chile is now accepting bitcoins in exchange for plots of land within its boundaries. The project is called Galt's Gulch Chile, a name inspired by the character John Galt in Ayn Rand's landmark novel Atlas Shrugged. Galt decided he no longer wanted to support a society that was oppressed, over taxed and over regulated, so created his own community. Galt's Gulch Chile is designed to be a fully self-sustaining community that is situated in a coastal mountain range 10 miles north of Curacaví, which isn't far from Chile's capital Santiago. The 11,000-acre....
A fintech bill, which seeks to regulate fintech and cryptocurrency-related activities in Chile, has been approved by the deputy chamber of the congress, leaving it ready to be sanctioned by the president of Chile, Gabriel Boric. According to individuals in the sector, the bill is directed to stimulate innovation and competition in an unregulated market. Fintech Bill Almost Law in Chile A fintech-related bill, that seeks to bring clarity to institutions providing digital and cryptocurrency-based services, has been approved by the deputy chamber of the congress in Chile. The project, which....
No less than one million people had to flee from their homes in Chile after a powerful quake jolted the country's central region. To help the survivors, SurBTC, Chile's first fully fledged Bitcoin exchange, has created an account with the aim to help in collecting funds. In a blog post, this Bitcoin exchange also outlined that the account will be only used to collect donations for the survivors. The features of this account are as under:0% fee on every deposit, withdrawal or other transactions. This will be done both in Chilean Peso and Bitcoin. Every Bitcoin will be converted to Chilean....