Bci Becomes The First Bank In Chile To Open Accounts For Crypto Companies
The protocol established contains several requirements inspired by Financial Action Task Force (FATF) guidelines, such as compliance process completion, transaction traceability, money laundering prevention, terrorism funding prevention, and audit reports from an outside organization.
According to a bank spokeswoman, this action will help the consumers of the exchanges, according to the local daily Diario Financiero. According to the bank:
“Our objective is to accompany their clients so that they can operate in this market within a framework of security and trust.”
Buda, which is currently entangled in the aforementioned legal dispute with other banks, was the first crypto exchange for creating a checking account in Bci after negotiating a deal with the bank. This agreement also permits other exchanges to request banking services from the institution, provided they meet the standards outlined in the established protocol.
Banks in other Latin American nations, such as Santander, which already has a cryptocurrency asset division and plans to offer crypto services to its clients in Brasil, have been more inclined to sell cryptocurrency-related services.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
Years ago, Dogecoin was just a joke—a meme about a Shiba Inu that unexpectedly turned…
Zug, Switzerland, 19th December 2024, Chainwire
21Shares has registered its Polkadot Trust Fund in Delaware, enabling investors to gain exposure to…
The Franklin Templeton Crypto ETF, if approved, will be listed on the Cboe BZX exchange…
Learn about BlockDAG’s $1 million giveaway where holding $100 in BDAG could win you $20.…
Vilnius, Lithuania, 19th December 2024, Chainwire
This website uses cookies.