21 Apr '15, 11am

Bitcoin Exchange in Chile Gets Funding from Government

Bitcoin Exchange in Chile Gets Funding from Government

Social media Share this article       SurBTC, a bitcoin exchange based in Chile, gained the support and trust of its government after it secured funding for its operations. The name of the company translates to Bitcoin South and was recently launched to allow Chileans to trade and invest in bitcoin. Chile is near Argentina, a country that has dealt with several economic and currency crises in the past. Because of that, these countries have become more open to the idea of alternative currencies and financial systems, thereby providing a good opportunity for a bitcoin exchange to flourish. Bitcoin Exchange Support During its earlier days, SurBTC was faced with a lot of rejection from banks in the country, as most of these institutions had a growing distrust for the cryptocurrency . The company eventually found a banking partner to work with in Chile, eventually paving ...

Full article: http://www.newsbtc.com/2015/04/21/bitcoin-exchange-in-chi...

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