Colombia’s First Bitcoin Exchange Closed by RegulatorsSpanish-language cryptocurrency news site DiarioBitcoin reported the closure is a temporary measure while the company and regulators determine the legal framework under which it may operate, if at all.
At present, Colbitex’s website is offline with users directed instead to a basic support page to submit fund withdrawal requests. Local financial regulator the Superintendencia Financiera de Colombia permits only transactions that have a Colombian peso equivalent.
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https://news.bitcoin.com/colombia-bitcoin-exchange-close/