The fourth chamber of the Court of Appeal of Santiago, Chile, ordered the state Banco Estado to restore the account of the crypto exchange Orionx. This is reported by Bitcoin.com.
The court ruled that the decision to close the account was a violation of the right to equality before the law, prescribed in the Political Constitution of Chile (Article 19, paragraph 2).
According to local media, Banco Estado can not prove the involvement of Orionx in money laundering, and the closure of the account violated the terms of the contract.
In early April, Chilean banks Itau Corpbanca, Bank of Nova Scotia and Banco del Estado de Chile blocked the accounts of crypto exchanges Buda, Crypto MKT and Orionx.
Chilean court for the protection of free competition (TDLC) rejected the appeal of the country's largest banks and left the April decision to restore the accounts of Cryptomkt and Buda in effect for the duration of the investigation.