[26-04-2018]Chile’s Court Orders Two Banks to Re-open Accounts of Crypto Exchang

[bitzamp.com]

Chile’s Court Orders Two Banks to Re-open Accounts of Crypto Exchanges Chile anti-monopoly court has ordered two banks to re-open the accounts of Buda cryptocurrency exchange. Earlier this month; a group of exchanges in Chile filed a lawsuit against the banks’ decision to shut down their accounts. Buda, Orionx, and CrytpoMarket say that the banking

Read More: https://news.bitzamp.com/chiles-court-orders-two-banks-to-re-open-accounts-of-crypto-exchanges/

[Slow death]

Chile’s Court Orders Two Banks to Re-open Accounts of Crypto Exchanges...

this is one of the many cases that are happening all over the world, banks are intensifying their campaign against bitcoin, before they just advised their clients not to buy bitcoin, but now they have started to use more radical methods like closing exchange bank accounts and in some cases the banks close accounts of people who buy bitcoin, see the court of chile take that position is very praiseworthy, at least they comply with the laws.

[coinpediaJordan]

Few days back, Chilean central bank has shut down accounts of top cryptocurrency exchange without any intuitions. The Buda, Chilean cryptocurrency exchange had persuaded a court to order the re-opening its accounts temporarily.

Read more here: https://coinpedia.org/news/chilean-banks-to-re-open-crypto-exchange-acc/

[buwaytress]

I didn't read the whole thing but if the headline is accurate then this is no small victory for the two exchanges. It's really been only a week or so since their accounts were shut down, and made perfect legal sense for them to appeal, there was no legal grounds for the central bank to act as it did.

Maybe this will result in tighter controls for future exchanges but that's actually still good news all round.