Colombia Crypto Exchange Asks New President for Banking Help

[rhubygold23]

Alejandro Beltrán of Colombia’s largest cryptocurrency exchange, Buda.com, effectively shuttered by banks in the country refusing to do business with it, has written an open letter to the nation’s new president in the hope of winning a reversal. Iván Duque Márquez was elected last month, and has been quoted as embracing new financial technology.

Colombia Crypto Exchange Buda Writes an Open Plea to New President

“Being a Fintech company,” Mr. Beltrán began, “we received with great enthusiasm [your] promise to promote the development of new technologies in Colombia [….] For this reason, it hurts us that the pressure of the previous government on the banks led them to close our bank accounts, forcing us to stop our operation and taking away from our almost 40,000 clients the possibility of buying cryptocurrencies in a safe and transparent manner.”

Alejandro Beltrán, head of Buda.com, the leading cryptocurrency exchange in Colombia, knows business. Prior to running the largest crypto venture in his country, Mr. Beltrán worked as an administrator in finance for a decade. He is also host of the Spanish language podcast, Calle Bitcoin.

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