Brazilian Cryptocurrency Brokerage Wins Lawsuit Over Closed Bank Account

A Brazilian cryptocurrency brokerage has won a lawsuit against a bank that closed its account due to purported concerns about fraud. Brazil-based cryptocurrency brokerage M Intermediação e Prestação de Serviço Ltda. has won a lawsuit against Banco Bradesco, which was initiated after the bank closed M Intermediação’s account. Cointelegraph Brazil reported the legal victory in […]

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Chilean Taxpayers Must Report Cryptocurrency Profits to Chilean IRS: Local Media

Chilean taxpayers must report their cryptocurrency profits to the Chilean Internal Revenue Service, local media reports. Chilean taxpayers must report their cryptocurrency profits to the Chilean Internal Revenue Service (SII), Spanish crypto media Diario Bitcoin reports on Jan. 17. The SII reportedly decreed in 2018 that digital currencies weren’t subject to Value Added Tax (VAT), […]

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Chile: Anti-monopoly Court Rules to Keep Crypto Exchanges’ Bank Accounts Open

Chile’s anti-monopoly court rules to oblige local banks to keep the accounts of local crypto exchanges open, despite Supreme Court decision. The Chilean anti-monopoly court has again granted protection to local cryptocurrency exchanges by forcing banks to keep their accounts open, financial news outlet Diario Financiero reported Jan. 2. According to a recent statement from […]

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Chilean Banks Urge Anti-Monopoly Court to Revoke Decision Protecting Crypto Exchanges

Chilean banks urge anti-monopoly court to revoke its decision that impedes blocking crypto exchanges’ banking accounts. Two major Chilean banks have urged the country’s anti-monopoly court to revoke its decision that prevents the closure of local crypto exchanges’ banking accounts. This development was reported by Chilean newspaper La Tercera on Thursday, Dec. 20. Banco del […]

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