Chilean Bank to Reopen Crypto Exchanges Accounts

State Banco Estado, commercial Scotiabank and Itaú should reopen previously closed accounts of  Cryptomkt and Buda exchanges in several days
28 May 2018   762

The Chilean court rejected the appeal of the country's largest banks and confirmed the April decision to reopen the accounts of Cryptomkt and Buda. This is reported by Bitcoin. com.

State Banco Estado, commercial Scotiabank and Itaú should reopen previously closed accounts in several days. According to the publication, Banco Estado has already contacted Cryptomkt for negotiations, and Scotiabank and Itaú may appeal the decision again.

According to the co-founder of Cryptomkt Martin Zofre, when the banks announced the closure of accounts, "in five days they returned 99.8% of funds to Cryptomkt customers, so now they will start from scratch." Nevertheless, the exchange expects to return to the digital currency market in the coming days.

In the beginning of April the Chilean banks Itau Corpbanca, Bank of Nova Scotia and Banco del Estado de Chile without explanations blocked accounts of exchanges Buda, Crypto MKT and Orionx. In connection with this, trading floors were forced to apply to the court.

Binance to Launch Crypto-Fiat Exchange at Jersey

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs
16 January 2019   72

Binance has opened a branch at Jersey island, targeting Europe and the UK. Its clients will be able to trade Bitcoin and Ethereum for the euro and the British pound. 

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs. To start trading, users must undergo KYC verification.

According to Binance CFO Ju Wei, bidding cryptocurrencies for fiat money will provide Europeans with new opportunities in the face of uncertainty with Brexit affecting the euro and the pound.

Wei also stressed that a strong legal framework makes Jersey one of the leaders in the development of blockchain technology.