Chilean Crypto Exchanges Go To Court To Fight The Banks ‘Killing An Entire Industry’

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Chilean cryptocurrency exchanges BUDA, Orionx, and CryptoMarket (CryptoMKT) have recently applied to an appeals court to confront the banks that shut down their platforms’ accounts, Bloomberg reported Friday, April 13. However, the institution claimed that it is not responsible for resolving the problem between banks and crypto exchanges, stating that such regulations are the “exclusive competence of each institution.” The court has agreed to hear the case, but the bank accounts are still closed.According to local news outlet Emol, the banks Itau Corpbanca and Scotiabank announced the closure of the bank accounts of BUDA and CryptoMKT on March 19. It seems very arbitrary.”On March 27, BUDA and CryptoMKT published a public statement asking the Chilean Association of Banks (ABIF) to clarify its stance on cryptocurrencies and cryptocurrency trading. Torrealba continued:“It won’t be possible to buy and sell crypto in a safe business in Chile.

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Chilean cryptocurrency exchanges BUDA, Orionx, and CryptoMarket (CryptoMKT) have recently applied to an appeals court to confront the banks that shut down their platforms’ accounts, Bloomberg reported Friday, April 13.  The court has agreed to hear the case, but the bank accounts are still closed.

According to local news outlet Emol, the banks Itau Corpbanca and Scotiabank announced the closure of the bank accounts of BUDA and CryptoMKT on March 19. A week later,...

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