budaexchange

BCI opens a checking account in Buda: does the bank become crypto?

On August 15, BCI opened its first checking account with Buda, Chile’s largest exchange. Through this partnership, users can deposit CLP directly and convert them to crypto without intermediaries. It’s the first time a regulated bank has allowed a checking account to be opened for a crypto platform, breaking the “it can’t be done” barrier. While it facilitates adoption, it also opens a door for money flows that could evade oversight by the SII and the CMF. Should banks be the new crypto custodians, or simply liquidity channels?

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BCI opens a bank account for Buda: the future or just a trick?

On September 26, BCI opened the first checking account for a Chilean exchange: Buda. With BTC at $78,946 and ETH at $2,491, the Fear and Greed Index stands at 66, indicating the market is still looking for trust. This step seems like a huge leap, but is it truly a door open to mass adoption—or just a trick to attract attention? The CMF has not updated its regulatory framework, and users still face KYC barriers and withdrawal limits. Do you think traditional banking is ready to fully integrate crypto, or is this still an experiment?

#BCI #BudaExchange #CriptoChile #BancoBCI #RegulacionCripto