Home Blockchain News Brazilian Exchange Mercado Bitcoin Wins $350,000 Legal Tussle Against Banco Santander

Brazilian Exchange Mercado Bitcoin Wins $350,000 Legal Tussle Against Banco Santander

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The Court of Justice in São Paulo, Brazil, has recently ruled Banco Santander has to unfreeze the account of a local cryptocurrency exchange, Mercado Bitcoin, with over 1.35 million reals ($350,000) in it. This, after determining a “lack of regulations doesn’t make a criminal activity”. According to local news outlet Portal do Bitcoin, judge Renata Barros Souto Maior Baião ruled in favor of the cryptocurrency exchange after determining bank Santander acted in an abusive way, as it apprehended the resources of Mercado Bitcoin “over fraudulent operations conducted by third parties.” As a result, Santander was forced to unfreeze the

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