Chilean Court Rules in Favor of Closing Bank Accounts of Crypto Exchange Orionx11.75

In a landmark judgment, the Supreme Court of Chile has ruled that state-owned Bancoestado was justified in closing the accounts of cryptocurrency exchange Orionx without explanation. The judges ruled that the bank acted in compliance with laws on money laundering and terrorist financing, a threat allegedly posed by censorship-resistant, decentralized cryptocurrencies.

Also read: Finma: Crypto Startups Can Handle up to $100M Deposits in Switzerland

Original source
https://news.bitcoin.com/chilean-court-rules-in-favor-of-closing-bank-accounts-of-crypto-exchange-orionx/

Add comment

Please Sign in to be able to leave comments.