Brazil is moving forward with its central bank digital currency plans, and in the latest move, it has picked nine firms to explore digital real possibilities, including the region’s largest digital currency exchange.
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.
