Chilean Court Orders Two Major Banks to Keep Open Checking Accounts of Crypto...
Chile’s Free Competition Defense Court (TDLC) ruled in favor of the Latin American cryptocurrency exchange Bud after their checking accounts were closed by two major banks in the midst of a lawsuit related to a Ponzi scheme unrelated to the exchange. Chilean Court Rejected Petitions From Two Banks to Keep Checking Accounts Closed From Crypto Exchange Buda According to Diario Financiero, the TDLC decided that Banco Itaú and BancoEstado should keep open Buda’s bank accounts, which were shut down in 2018 during an investigation of a bogus company named Terra Finance that....
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A court has ordered one of Russia’s largest banks to lift restrictions imposed on the accounts of a Russian citizen who was selling digital coins on cryptocurrency exchanges. The state-owned giant Sberbank will now have to unblock its client’s cards and restore his access to its online banking platform. Regional Court in Russia Rules in Favor of Crypto Trader Suing Sberbank The plaintiff identified as Pavel R., a resident of Revda in Sverdlovsk Oblast, had accounts and cards issued by Sberbank and was also offered remote banking services as per his contract. Between May and....
Payments processor Stripe is teaming up with banks like Goldman Sachs, Citigroup, and Barclays to provide checking accounts and other banking services, reports the Wall Street Journal. See also: Stripe to Pay $120,000 in PlexCoin ICO Settlement With Massachusetts Attorney General
A pro-Crypto Chilean NGO hosted a series of conferences on cryptocurrencies and blockchain topics for educational purposes, named Cryptonight 2020, where they announced the preparation of a proposal to submit it in the context of the drafting of a new constitution and the release of a crypto blacklist. Chilean NGO to Submit a Proposal for Including Crypto-Related Matters in the Drafting of a New Constitution Miguel Klagges, founder and president of ONG Bitcoin Chile, published a list of alleged crypto scams that have a background of stealing funds from investors, who are promised to get....
Companies providing trading services for digital assets will be able to open accounts with banks in Kazakhstan, local media reported, quoting the country’s crypto industry association. The service should allow Kazakhs to legally invest in cryptocurrencies and cash out their profits. Crypto Exchanges in Kazakhstan to Be Offered Banking Services Kazakh banks will be permitted to open accounts for cryptocurrency exchanges registered at the Astana International Financial Center (AIFC), Kazakhstan’s National Association of Blockchain and Data Center Industry announced, quoted by....
When credit cards were introduced to the mass market in the early1960's it was very difficult to get the general public interested. Interest rates were sky high and perks were non-existent. By the mid 1970's however banks were beginning to realize that you have to give something to get something and bonuses and other rewards started to enter the scene. When checking accounts first appeared there was no interest-building possible. The only way to build interest was to either open a savings account or invest in CD's or Money Market. When banks began offering interest bearing checking....