Chile Court of Appeals Orders Bank to Resume Business With Crypto Exchange Orionx
Cointelegraph
Published Jul 15, 2018 09:33AM ET
Chile Court of Appeals Orders Bank to Resume Business With Crypto Exchange Orionx
Chilean Court of Appeals has ruled in favor of crypto exchange Orionx, resolving that the state-owned bank Banco Estado should reopen the company’s deposit account, local news outlet La Tercera reported July 12.
The Fourth Chamber of the Court of Appeals of Santiago has accepted the appeal filed by Orionx crypto exchange against Banco Estado, which closed the company’s deposit account in late March. At that time, the bank cited the lack of “regulatory recognition of [cryptocurrency trading]” as justification for its decision.
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Written By: Cointelegraph
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