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In Brazil, a cryptocurrency trading center obtained a court order for the reactivation of the bank account where it received deposits from its customers after it closed on March 22, according to a news portal. ;information. Brazilian
Walltime, located in Sao Paulo, sued the financial institution Caja Económica Federal on April 2 after proceeding, without warning, to block your bank account. The issued order explains that the sentence is temporary while the judicial process is still ongoing.
Although it is not a final judgment, the exchange will be able to recover the funds that were blocked by closing the account. that they had 800,000 Brazilian Reais (more than 200,000 USD). Graziela Brandão, a Walltime lawyer, said that after the blocking of the account, the activities of the exchange house were affected, but with this preliminary decision, the platform can continue its activities.
The lawyer does not rule out taking additional legal rights against the bank by demanding the payment of compensation. He alleges that due to the arbitrary measure, the damage was caused by the closure of the account which resulted in a reduction in billing and the loss of fixed and potential customers.
The main claim is the violation of Walltime's rights for the suspension of the account and the withholding of money since in Brazil there is still no legal framework for the prohibition of this. activity or exchange of cryptocurrencies. Brandão also added that the cryptocurrency exchange will file additional lawsuits against Itaú, Bradesco and Banco de Brasil banks for the same action of suspending their accounts.
The Bank claims that they take this type of action to combat the illicit activities they are doing through these companies, highlighting the discrepancies between the information presented by the clients and the the characteristics of the movements.
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