A Brazilian court has ordered the reopening of cryptocurrency exchange Bitcoin Max’s bank accounts, which were closed without explanation by Banco do Brasil and Banco Santander in September. The two banks have reportedly reactivated the accounts to avoid paying fines.Also Read: Kenya’s Bithub Africa Mines Bitcoin Using Solar PowerThreat of Fine Forces Banco Do Brasil and Banco Santander to Reactivate Exchange’s AccountsAccording to local news site Portal do Bitcoin, Brazil’s Federal District Court promised to slap Santander with a fine of 5,000 real ($1,350) and Banco do Brasil with 20,000 real ($5,400) should both fail to comply with the preliminary judgement. Leonardo Ranna, a lawyer representing Bitcoin Max, said that all of the exchange’s accounts “have been restored, including those of exchange partners.”https://ift.tt/2ADRDUi
Submitted November 01, 2018 at 07:16AM
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