Coinspeaker
Bitso Creates Transparency Roadmap
Mexican cryptocurrency firm Bitso has disclosed a transparency roadmap, as customers push for more information after the downfall of popular cryptocurrency exchange FTX.
Recently last month, FTX filed for cover in the United States after authorities extracted $6 billion from the platform in a couple of days and competitor trading firm Binance abandoned a rescue agreement. Bitso, which has operations in Mexico, Brazil, Columbia, and Argentina, will reveal a solvency report in less than a month and is in the course of selecting an exterior associate to carry out an audit, Bitso’s Chief Regulatory Officer Felipe Vallejo suggested Reuters.
Bitso recently added to a group of worldwide firms in the crypto industry, that are trying to construct an easily understandable report so that clients can interpret for themselves if the firms have the capital to forward future transactions.
According to Vallejo, the evidence of capital disclosed by some
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