THELOGICALINDIAN - Thefirst Bitcoin barter in Colombia Colbitex which opened aloof two weeks ago has gone offline apparentlydue to acknowledged issues with agenda bill in the country
Also read: USMS to Auction 2,719 Seized Bitcoins This Month
Colbitex Goes Offline
Spanish-language cryptocurrency account armpit DiarioBitcoin reported the cease is a acting admeasurement while the aggregation and regulators actuate the acknowledged framework beneath which it may operate, if at all.
At present, Colbitex’s website is offline with users directed instead to a basal abutment folio to abide armamentarium abandonment requests. Local financial regulator the Superintendencia Financiera de Colombia permits alone transactions that accept a Colombian peso equivalent.
Since Bitcoin is not advised a “real currency,” there can be no official barter rate. Colbitex’s abutment folio addendum that the regulator had not absolutely banned the use of Bitcoin in Colombia, but in May 2016 had issued a warning forth with axial coffer Banco de la República de Colombia about the risks associated with application agenda currencies.
The boilerplate risk warning has been again by axial banks and banking regulators about the apple back the alpha of 2014.
Bitcoin Taking Root in Colombia
Colbitex had accepted accepted with locals, recording 103,495,995 Colombian pesos ($34,528 USD) in transaction volumes on August 6th.
Colbitex had been operating in “test-mode” back aperture for business on July 25th, admitting co-founder Roman Parra had said in an beforehand account that the barter complied with all adapted legal, tax and bartering laws and its antecedent analysis aeon was for barter to accustom themselves with the abstraction of trading Bitcoin. The aggregation offered the alone Bitcoin barter for Colombian peso holders, with absolute and bazaar orders and online wallet storage.
Meanwhile, statistics from peer-to-peer bitcoin barter LocalBitcoins accept apparent accretion trading action in the country, which is a appealing acceptable assurance of growing demand.
Bitcoin’s Growing Pains in South America
Parra additionally declared that Bitcoin advance in Colombia had been apathetic compared to neighboring countries like Argentina and Venezuela, but that he had aerial hopes for the barter to aggrandize into added markets and action trading in added assets.
A address in March this year claimed that two men had been arrested in Venezuela “for mining bitcoins,” admitting the arrest may instead accept been triggered by associated tax issues than the act of mining itself.
Venezuela has at atomic one online Bitcoin exchange, Surbitcoin, still operating – although it additionally closed temporarily aftermost ages afterwards a bounded cyberbanking accomplice froze its authorization accounts.
Do you alive in Colombia or Venezuela? What is your adopted adjustment of trading Bitcoin if online exchanges are not available?
Images address of Pixabay, criptonoticias.com
