Sao Paulo court of Brazil Banco Santander rejected the appeal and the bank's crypto currency exchange MercadoHe decided to send back the funds.
Santander had already closed Mercado's accounts, and he had frozen it, claiming that the accounts had failed to comply with bank policies. The Brazilian stock exchange market was considered unfair and appealed to the court. According to the report about 350 thousand dollars were returned to the stock exchange, the court took the decision unanimously.
In fact, the victory of the stock market was quite spectacular. The bank will add a monthly interest rate of 1% on the money it will pay back, and the bank will cover the costs of proceedings and transaction fees associated with the exchange. Santander lost another case of Bitcoin Max on another crypto money exchange.
Banks and Stock Exchanges
In December, the two major Chilean banks wanted to change the country's anti-money laundering laws, but did not change the court's ruling. In April 2018, the Chilean-based crypto money exchanges BUDA, Orionx and CryptoMarket opposed the request of banks to close their accounts. The court again decided in favor of the crypto money exchanges.
In October 2018 South Korea For the first time, the financial regulator became the institution that clarified the banks' working with the crypto money exchanges. For South Korea, where stock exchanges, such as Bithumb, Upbit and Coinone, had become a milestone.