On Oct. 28, Bci, a bank in Chile, announced that it had developed a protocol to allow cryptocurrency exchanges to open checking accounts with the institution.
After years of court battles in Chile, a cryptocurrency exchange has managed to open a bank account in Bci, a financial institution that established a protocol to serve these businesses. The first exchange that opened a bank account with the institution was Buda, a local exchange, which satisfied the requirements of the bank in the mentioned protocol.
A spokesperson for the bank told the local newspaper Diario Financiero that this move would be beneficial for customers of the exchanges. The bankOur objective is to accompany their clients so that they can operate in this market within a framework of security and trust.