Tag Archives: BancoEstado

Chilean Court Rules in Favor of Closing Bank Accounts of Crypto Exchange Orionx

In a landmark judgment, the Supreme Court of Chile has ruled that state-owned Bancoestado was justified in closing the accounts of cryptocurrency exchange Orionx without explanation. The judges ruled that the bank acted in compliance with laws on money laundering and terrorist financing, a threat allegedly posed by censorship-resistant, decentralized cryptocurrencies. Cryptocurrencies Lack ‘Intrinsic Value’ Cryptocurrencies such as… Read More »

Chilean Supreme Court Backs Bank’s Closure of Crypto Exchange Account

Advertisement The Third Chamber of the Chilean Supreme Court has rejected the appeal of cryptocurrency exchange Orionx, which means that the account of the company with state-owned BancoEstado will continue to remain closed, local news outlet reports. Earlier this year, Chilean banks Itau Corpbanca, Bank of Nova Scotia, and state-owned Banco Estado decided to shut down the activities… Read More »