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Chilean State Bank And Chilean Branch Of Itau Suffer Pre-Trial Loss Against Local bitcoin Exchange Over Account Closures
Banco del Estado de Chile and the Chileño branch of Brasilero Banking titan Itaú have been ordered to reopen accounts for local bitcoin exchange Buda.com after the later sued over losing access to traditional fiat side financial services following account closures. The Chileño "Free Market Court" ruled that closing the accounts was premature and Buda.com's accounts with the banks must remain open until the lawsuit concludes.
Handicapped by Pacific coastline, earthquakes, and mountains which make building adequate Internet connectivity a challenge, Chile has resorted to in an attempt to remain economically relevant in .