Santander’s appeal against Mercado Bitcoin rejected
A Brazilian court has ruled that banks need justified reasons to shut down accounts, and merely trading in cryptos doesn’t count.
A Brazilian court has ruled that banks need justified reasons to shut down accounts, and merely trading in cryptos doesn’t count.
The bank had unsuccessfully tried to overturn a previous court ruling and was ordered to return around $350,000 to the exchange.
A court in Brazil has ruled in favor of Mercado Bitcoin, a local altcoin trading platform over the illegal closure of one of its checking accounts.
Brazil's largest cryptocurrency exchange, Mercado Bitcoin, has reportedly fired 20 of its employees.