Colombia’s First Bitcoin Exchange Colbitex Forced to Close Up Shop
The first Colombian Bitcoin exchange, Colbitex announced that the company was forced to stop all Bitcoin exchange operations, following a complaint by Colombian authorities. Colbitex encouraged its users to withdraw all funds from the platform while the Latin American Country's authorities review the relevant legal framework. Colbitex, Colombia’s first Bitcoin exchange launched its platform in testnet mode on June 3, 2016. The service was working without any incidents for the past month, and on July 25 the exchange entered a beta phase, where real transactions took place. Colbitex’s Run....
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The first bitcoin exchange in Colombia has been forced to close after receiving complaints from the Colombian authorities. After only eight days of operating, Colbitex announced on social media that it has stopped trading while the authorities review the relevant legalities. In the post the company said: Dear users, we are going through some processes and themes of normativity in order to be able to continue operating within the law. In the next few days we will generate a statement by extending this information. Please ask for the withdrawal of their funds through an email to....
On June 3, 2016, Colombia’s first Bitcoin exchange, Colbitex, launched in testnet. The Colombian market seems to have all the right characteristics for increased adoption and the embrace of exchanges. Time will tell. The Vision For Colbitex. The project was founded by Roman Parra, an industrial production engineer and marketing specialist, and Carlos Mesa, a computer systems engineer. When officially launched, Colbitex will be a full-service exchange allowing for the traditional functionality users have come to expect from exchanges, according to Latin American bitcoin publication, Diario....
Colbitex, Colombia’s first Bitcoin exchange has launched its platform in testnet mode on June 3, 2016, to provide Colombians a simple and efficient method of exchanging Bitcoin to local pesos. One of the startup’s main focus in developing an established and robust Bitcoin exchange in the region is to help Colombians familiarize with Bitcoin, and fully understand the benefits of using it to settle both international and local transactions. As of now, the Testnet version of the Colbitex Bitcoin exchange platform is not able to handle transactions and settlement of orders. However, the....
The first Bitcoin exchange in Colombia, Colbitex, which opened just two weeks ago, has gone offline – apparently due to legal issues with digital currency in the country. Colbitex Goes Offline. Spanish-language cryptocurrency news site DiarioBitcoin reported the closure is a temporary measure while the company and regulators determine the legal framework....
The South American country of Colombia has a crumbling financial system but the bitcoin market has enormous potential. Bitcoin.com interviewed SurBTC’s CEO Guillermo Torrealba about the bitcoin market in Colombia. Colombia has Enormous Potential. SurBTC operates bitcoin exchanges in Chile and Colombia. The company launched the Colombian exchange at the....