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?
#BCI #BudaExchange #CriptoChile
Not financial advice. Verify before investing.
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?
#BCI #BudaExchange #CriptoChile
Not financial advice. Verify before investing.
