Experts believe that the fall of the crypto market may be due to the events that have arisen on the cryptocurrency exchange Buda.com.
Recently in Colombia blocked the Bank accounts of the largest Latin American cryptocurrency exchange Buda.com.
Representatives of the exchange officially reported that in Colombia banks Bancolombia, BBVA and Davivienda without warning deactivated the accounts of the exchange. Now clients of the exchange can not withdraw funds.
According to the head of the local unit Buda.com Alejandro Beltrán, informed the financial regulator of the country have warned financial institutions about the risks of investing, mediation, storage and use of their platforms for operations with cryptocurrency, but has not imposed an outright ban on them.
In March Buda.com already faced with similar problems in Chile, when local banks blocked the exchange's accounts. However, later in April, the crypto-exchange managed to defend its rights in court and the two largest Chilean banks were forced to unblock accounts. It is known that before the blocking of Bank accounts, the trading volume on Buda reached $ 1 million per day.
