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Tag Archives: Chilean

Chilean Court Orders State-Owned Bank to Re-Open Bitcoin Exchange Orionx’s Account

The Fourth Chamber of the Court of Appeals of Santiago has recently ruled that state-owned Banco Estado has to re-open the account of bitcoin exchange Orionx, after it seemingly illegally shut it down. As CCN covered, earlier this year Chilean banks Itau Corpbanca, Bank of Nova Scotia, and state-owned Banco Estado shut down the accounts of the country’s largest cryptocurrency ...

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Court Orders Chilean Banks to Re-Open Accounts With Local Cryptocurrency Exchanges

Taking a step forward for the cryptocurrency market in the battle against traditional banking, Chilean crypto trading platform Buda has persuaded a court to force the re-opening of the exchange’s accounts. Chile’s anti-monopoly court has ordered Itau Corpbanca and Banco del Estado de Chile — the country’s central bank — to re-open Buda’s accounts, according to Bloomberg. This comes following news earlier ...

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Chilean Banks Ordered to Re-Open Crypto Exchange Accounts by Court

Join our community of 10 000 traders on Hacked.com for just $39 per month. Chile’s anti-monopoly court recently ordered two major Chilean banks to re-open the accounts of one of the country’s largest cryptocurrency exchanges, Buda. The country’s anti-monopoly court ruled that the state bank Banco del Estado de Chile and Itau Corpbanca should re-open the cryptocurrency exchange’s accounts, presumably ...

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Chilean Anti-Monopoly Court Orders Banks To Re-Open Crypto Exchange’s Accounts

Major Chilean cryptocurrency exchange Buda has persuaded a court to order the re-opening of its accounts at two major Chilean banks, Bloomberg reports April 25. Chile’s anti-monopoly court published the ruling on its website, ordering state bank Banco del Estado de Chile and Itau Corpbanca to re-open Buda’s accounts while the exchange’s lawsuit continues against 10 banks, including the aforementioned ...

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Chilean Bitcoin Exchanges Have Their Bank Accounts Closed for No Reason – The Merkle

The cryptocurrency world is always changing and evolving. Not all of these developments will make a positive impact, though. In Chile, banks are closing the accounts of cryptocurrency exchanges and traders alike. This is not a unique development, but it goes to show South America’s wealthiest nation has no love lost for Bitcoin. Chilean Banks Make Their Move In this ...

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Chilean Cryptocurrency Exchanges Take Banking Blockade to Appeals Court

Join our community of 10 000 traders on Hacked.com for just $39 per month. Chile’s largest cryptocurrency exchanges, Buda, CryptoMarket (Crypto MKT), and Orionx recently applied to an appeals court to confront a banking blockade they’re currently facing. As covered by CCN, the cryptocurrency exchanges recently saw Itau Corpbanca, Bank of Nova Scotia, and the state-owned bank Banco del Estado ...

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

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 ...

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Chilean Cryptocurrency Exchanges See Banking Blockade with Shuttered Accounts

Join our community of 10 000 traders on Hacked.com for just $39 per month. Three Chilean cryptocurrency exchanges, BUDA, Crypto MKT, and Orionx, are about to lose banking services as BancoEstado, the last bank supporting cryptocurrency exchanges in Chile, has announced it’s closing the trading platforms’ accounts. According to local news outlet El Mercurio, the financial institution decided to, for ...

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Chilean State Banks Closing Cryptocurrency Exchange Accounts Causes Concern Over Future of Industry in The Country

CryptoMKT, one of only three cryptocurrency traders operating in Chile, was told late last week that state lender BancoEstado was closing its account within 10 days. The news comes after other commercial lenders Scotiabank and Itaú CorpBanca made similar account closure announcements and the country’s other banks declined to accept traders as clients. Santiago-based CryptoMKT — which operates in the market with Buda and Orion — is taking ...

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