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Sur BTC is fiat-gateway Bitcoin and cryptocurrency exchange located in Chile, with additional operations in Colombia and Peru. Though the exchange is open to people from around South America, the regulatory landscape is very different across the continent–from a very loose, liberal regulatory framework in Chile, to a more restricted framework in Bolivia.

Torrealba discusses the need for clearer regulations, in order to keep people from being taken advantage of by Ponzi schemes using Bitcoin and other cryptos, but which still allows legitimate businesses to grow.

Worried about the potential for stifling regulations created by politicians who don’t fully understand the crypto ecosystem, Sur BTC is going to begin lobbying efforts to create regulations that foster growth but don’t allow for individuals to be taken advantage of.

Torrealba also discusses the different ways that crypto is used across South America, including remittances and as a means of escaping harmful regimes.

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