A court in Brazil's Sao Paulo area is one of the largest banks in the world Banjo SantanderServing in içerisinde crypto money exchange Mercado BitcoinThe appeal court, which he wanted to launch against, rejected his request and ordered the bank to return the frozen funds directly to the crypto exchange.
The bank had previously frozen the account of the relevant crypto money exchange and emphasized that the stock market did not match its own bank policy. The Brazilian-based crypto money exchange went directly to the court and stated that it was not fair to freeze the funds.
According to local media channels, the stock market has already won the case before, and the bank should return the funds with a monthly interest rate of 1%, as well as meet the legal costs. The bank also sought to appeal after the decision, but the court declined to appeal directly and reached a conclusion, meaning victory for the crypto money exchange.
According to the source called CriptomoedasFacil, the approximate value of the funds to be returned is $ 350,000. In addition to this stock exchange, in December last year, two Chilean-based banks applied for the withdrawal of the decision of the courts in the country to prevent the closure of local crypto money exchanges, but they were not successful.
As it can be seen in the QuadrigaCX event, banks are slowly losing their battle against the crypto money exchanges and many countries are beginning to realize the situation. quadrigacx before losing his life, the CEO of Canada-based bank freeze funds and then came to the court to win the funds.
A Crypto Money Exchange Won the War Against the Bank and Saved its Funds with Interest! Ali Emre KONAKÇI is the author of the article and published on koinbulteni.com.