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Author Topic: [2018-04-16] Chilean Crypto Exchanges Appeal Against Banking Embargo  (Read 18 times)
limek
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April 16, 2018, 01:16:03 AM
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A number of Chilean cryptocurrency exchanges have sought to appeal the recent decision by several Chilean banks, including state-owned Banco del Estado de Chile, to suspend the accounts of cryptocurrency exchanges.

Chilean Crypto Exchanges to Receive Appeals Hearing

It has been reported that Chilean cryptocurrency exchange platforms, Buda, Orionx, and Cryptomkt, have successfully sought to have their cases heard by an appeals court – the Court of Defense of Free Competition (TDLC).

At the start of the month, Buda, Orionx, and Cryptomarket were given notice by Banco del Estado de Chile – the last remaining public bank in Chile, which has for sixty-five years sought provide services to smaller enterprises and the country’s unbanked, that their accounts with the bank were to be suspended. The notice of the account closures was given shortly after the three exchanges received account terminations from The Bank of Nova Scotia and Itau Unibanco Holding S.A of Brazil.

Read more: https://news.bitcoin.com/chilean-crypto-exchanges-appeal-against-banking-embargo/

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