The bitcoin (BTC) and cryptocurrency trading platform Buda.com announced, after the suspension of operations with Argentine pesos, that they are willing to re-enable deposits, withdrawals, purchases and sales with this national currency.
The Buda.com team informed CriptoNoticias that are “working to reverse the situation” and return to operating with Argentine pesos on the platform in the short term. “Which we will notify in a timely manner,” they said.
In your comments, they did not clarify the reasons why they made the decision to cease operations with Argentine pesos, arguing that these are reasons of force majeure. The platform recognized difficulties in maintaining operations in Argentina“and until we can provide the complete service that our users deserve, the informed modifications will be made,” said Buda.
The Chilean company recalled in a release that operations with Argentine pesos were suspended, and that clients had until June 12 to withdraw their holdings from the platform.
“Otherwise, your funds may have been subject to the company’s automatic actions,” they said. Such actions imply the automatic withdrawal of funds, which allows Buda.com take the pesos and return them to a registered bank account previously on the platform, or acquire crypto assets. As explained, the platform would make a purchase of the stablecoin USD Coin (USDC) with the Argentine pesos that people had on the platform, if they are not withdrawn before the scheduled date.
Already for this Tuesday, June 13, the purchase operations of crypto assets with Argentine pesos they are not enabled. Apart from that, the Buda.com platform remains operational and works normally and without problems in the rest of the markets, as indicated in the statement.
“It was necessary to take the initiative,” says the exchange
The Buda.com team reiterated that it was necessary to take the initiative to call the withdrawal of money. “To return their funds to their bank account as soon as possible, if they had Argentine pesos in their account,” they indicated.
“In any case, the cryptocurrencies that users already have in their wallets can execute the action they want with them and we will not take any action on them,” they commented.
Buda.com’s decision to suspend operations with Argentine pesos is known weeks after that the Central Bank of Argentina order the prohibition of the bitcoin and cryptocurrency trading service by virtual wallets.