Colombian banks closed all accounts of the South American currency exchange Buda. This is reported by the local publisher Diario Bitcoin, referring to the e-mail message sent by the company to its customers.

According to the report, this step was spontaneous, the banks confirmed that the accounts were closed without further explanation.

The currency exchange announced this soon after the news that it is experiencing technical difficulties, but will fully resume work on June 13.

The general director of the Buda branch in Colombia, Alejandro Beltran, confirmed the seriousness of the situation for local media. He also named three banks that blockchain Buda’s accounts: Bancolombia, BBVA and Davivienda.

The source linked the banks decision with an internal letter from the Colombian financial controller, which was circulated in February. The letter was a reminder that institutions are not allowed to interact with crypto-currency exchange platforms.

Nevertheless, Beltran told reporters that he interprets this letter as a recommendation and that banks are not actually required to comply with this decision.

After the incident, the Colombian Senate held a discussion on the potential of the crypto currency and Blockchain technology in the country. Senator of the Green Alliance party Antonio Navarro Wolf said that the blockchain “can change the life of Colombians”.

Buda already faced legal problems when a number of Chilean banks closed their accounts with two other crypto-currency platforms. Then, three platforms filed a lawsuit to withstand the decision.

Later in April, the Chilean antitrust court took the side of Buda and ordered the resumption of accounts in two large Chilean banks.

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