Chilean Supreme Court Supports Bank Closing Crypto Exchange’s Account

[ChainDD report] Chile’s supreme court issued an order recently to allow Banco del Estado de Chile shut down cryptocurrency exchange Orionx’s banking account, according to Chilean news outlet Emol. The court said considering the nature of crypto assets, the bank could not accomplish the relevant Know Your Client (KYC) compliance, which made it reasonable for closing account of Orionx.

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