Published on July 17th, 2018 | by bitcoin0
Orionx Wins Chilean Court Ruling Over State Bank
The crypto exchange had to bring in the Court of Appeals to re-open its deposit account closed by Banco Estado.
The confrontation between one of the largest banks of the country and crypto exchange Orionx escalated to Chilean Court of Appeals – and the regulator ruled in favor of the representative of the crypto sphere.
Banco Estado, the only public bank in Chile which was created 65 years ago, decided that the controversial status of the crypto exchange gave the bank a right to close the deposit account of Orionx.
The Fourth Chamber of the Court of Appeals of Santiago thoroughly studied the case and ruled in favor of the crypto exchange.
Orionx is not the first crypto exchange that had to bring the authorities into its relationship with the banking sphere.