buddha.comthe prominent cryptocurrency exchange in Chile, issued a press release with the purpose of authoritatively addressing the recent sanctions imposed by the United States Securities and Exchange Commission (SEC) against Binance and Coinbase.
In the statement, buddha.com underlines its position as a fully regulated exchange in Chile, operating in full compliance with the legislation in force in the country. The company also emphasizes that the actions taken by the SEC are specifically directed towards Binance and Coinbasewithout reflecting any widespread concerns about the cryptocurrency industry as a whole.
buddha.com points out forcefully that the “The effects of these sanctions could be significant for the cryptocurrency industry in the United States.”
These SEC sanctions against Binance and Coinbase constitute the latest chapter in a series of regulatory actions taken against cryptocurrency exchanges. In recent months, regulatory bodies in Europe, the United States and Asia have implemented various actions to control this sector, generating widespread discontent in the community.
Increasing regulatory scrutiny has raised some concerns about the future of cryptocurrencies. Nevertheless, experts consider these regulations necessary to protect investors and prevent the misuse of cryptocurrencies.
“These accusations, unfortunately, feed the uncertainty around the final objectives of this offensive against the cryptocurrency industry,” says the statement issued by the Chilean exchange.
buddha.com reiterates its commitment as a Chilean cryptocurrency exchange, complying with all relevant regulations. In addition, it highlights that, unlike in the United States, in Chile the Fintech Law provides legal clarity on the legality of its activities, which allows the growth and development of the cryptocurrency market.
“We seek to provide clarity and peace of mind to our clients and to the markets in which we operate”is mentioned in the statement issued by the company on this date, Tuesday, June 6, 2023.
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