A Brazilian cryptocurrency exchange has won a legal battle with a local bank over the closure of its account. The exchange, M Intermedia\u00e7\u00e3o e Presta\u00e7\u00e3o de Servi\u00e7o, sued Banco Bradesco, a local retail bank after it suspended its account over alleged unusual activity and suspicion of fraud. The exchange used the bank account to enable fiat deposits and withdrawals. However, in 2018, the bank suspended the account, stating that its security system had detected unusual movements. This action was meant to prevent fraud, the bank told the court. In his ruling, the presiding judge said that the court hadn\u2019t found any substantial evidence to support the bank\u2019s decision. He ordered the bank to grant access to the account immediately. \u201cThere is no documentary evidence in the file as to the unusual movements that gave rise to the blockade, whose undoing only occurred after the granting of emergency relief,\u201d the judge stated in his ruling. This is the latest battle between a crypto exchange and a bank in the South American country. Just days ago, yet another crypto exchange won a court battle against a bank which had closed its account. As reported by Portal do Bitcoin, Walltime crypto exchange won a preliminary injunction against Caixa Econ\u00f4mica Federal which had closed its account. Walltime\u2019s account held 800,000 reals ($212,000) at the time of closure, Walltime\u2019s lawyer told the outlet. She added, \u201cGiven that the nature of Walltime\u2019s activity requires an open bank account in as many institutions as possible to facilitate 24\/7 negotiations, Walltime suffered a lot of damage in that period.\u201d The lawyer, Graziela Brand\u00e3o, said that the losses incurred due to the account closure amount to over $250,000. Several clients were unable to process their fiat deposit and withdrawal requests, leading to a huge decline in trading volume. The exchange will probably file an indemnity action against the bank in the future over the losses, she said. Spanish banking giant Santander was also sued by Brazilian crypto exchange Mercado Bitcoin for suspending its account. The bank claimed that it had taken the action due to concerns over the origin of the funds in the exchange\u2019s account. The presiding judge ordered the bank to reopen the account which was reported to hold over $350,000. The court dismissed a subsequent appeal by the bank last month.