Bradesco, one of the chief Brazilian banks, has apprised digital asset and cryptocurrency exchange Bitblue the reason is banking accounts will be closed late February, specialists the report of local cryptocurrency outlet Portal do Bitcoin.
As Portal do Bitcoin is the aforementioned information from unnamed industry insiders, Bitblue are going to face with the closing from the accounts in Bradesco on Feb. 26. Furthermore, the letter stretches towards the private accounts of Bitblue owners.
The CEO of Bitblue, Edisio Pereira told a local media outlet which the company has beforehand had accounts in 4 other banks. Hence, Bitblue will never appeal about the bank’s proceedings. Nonetheless, its co-founders and partners will positively appeal, to be the move can affect their reputation, Pereira added. It’s always to be noted of the fact that names of this co-founders and partners will not be specified.
It has been to be noted the fact that local Association of Crypto and Blockchain has previously reported the way it is to the Brazilian Administrative Council for Economic Defense. Brazilian Administrative Council for Economic Defense is definitely a antitrust regulator operated by country’s Ministry of Justice. ABCB claims, in its bristling complaint, the fact that bank has violated the policies of free competition.
Administrative Council for Economic Defense originally launched a study against 6 major national banks – including Ita Unibanco Holding, Banco does Brasil, Banco Santander Brasil, and Banco Bradesco- in September 2019 . The antitrust watchdog initiated investigating supposed monopolistic practices with the cryptocurrency domain, succeeding more than a few complaints about banking accounts close down.
In October, the Administrative Council for Economic Defense thought we would evaluate the recent activity on the cryptocurrency exchanges themselves. Moreover, the regulator sent a questionnaire to 10 providers that had claimed their rights were violated by the banks. These 10 companies include e-juno, Foxbit, Bitcoin Market, Bitcambio, BitcoinTrade, Open Digital Capital, Walltime, Braziliex, BitBlue, and Profitfy.
Afterward, in October, Santander Brasil and Banco do Brasil were enforced to reopen is the reason local cryptocurrency exchange Bitcoin Max after a preliminary judgment granted by your Federal District Court.
